Guideline Value for Kakkanji street

Kakkanji street guideline value

The current guideline value of Kakkanji street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Karasangal village, under the Sriperumpudur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Kakkanji street has changed

Over the years, the guideline value of Kakkanji street has seen various revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 100 per sq.ft. The next revision in 2024 continued this trend, maintaining the value at Rs 100 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2007.

Looking back further, the 2017 revision recorded a guideline value of Rs 67 per sq.ft, which was a 33% decrease from the 2012 figure. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 100 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 100 per sq.ft.

Guideline values in Karasangal

In Karasangal, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft. The median guideline value for these streets is Rs 402 per sq.ft, placing Kakkanji street's 2024 figure below that median.

• Kalanijar Street: Rs 250 per sq.ft (2024)
• Jjs Shrivari Nilayam: Rs 2,200 per sq.ft (2024)
• Indira Gandhi Street: Rs 250 per sq.ft (2024)
• GSN Nagar: Rs 600 per sq.ft (2024)
• Lakshmana Narayana Perumal Koil Street: Rs 250 per sq.ft (2024)
• Lakshmi Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkanji street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kakkanji street?

Kakkanji street falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Karasangal

The guideline value plays a crucial role in the registration process when buying or selling property in Karasangal. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property sales.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and consistent across different properties in the region.

Frequently asked questions

What is the current guideline value of Kakkanji street?

The current guideline value of Kakkanji street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2012 to 2024, with a previous figure of Rs 67 per sq.ft in 2017. There were no figures available for the revisions in 2002, 2003, and 2007.

What is the median guideline value in Karasangal?

The median guideline value for the 59 streets in Karasangal is Rs 402 per sq.ft, while Kakkanji street's value is below this median at Rs 100 per sq.ft.

What are the stamp duty rates for property in Kakkanji street?

The stamp duty for property transactions in Kakkanji street is charged at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 7,000 based on the current guideline value.

Where is the Sub Registrar Office for Kakkanji street located?

The Sub Registrar Office covering Kakkanji street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.