Guideline Value for Kakkila street

Kakkila street guideline value

The current guideline value of Kakkila street in Nasarathpettai village, under the Poonamallee SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of Kakkila street has changed

The guideline value for Kakkila street has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, this figure decreased to Rs 804 per sq.ft in 2017. The 2023 revision saw a rise to Rs 1,200 per sq.ft, followed by the current value of Rs 1,320 per sq.ft in 2024, marking a 10% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 340%.

The guideline value register has no figures for Kakkila street in the years 2002 and 2003. This lack of data indicates that significant changes in property values were not recorded during those years.

Guideline values in Nasarathpettai

In Nasarathpettai, there are 19 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is equal to the current guideline value of Kakkila street.

• Kannappa Street: Rs 1,320 per sq.ft (2024)
• Golden Friends Smart City: Rs 2,200 per sq.ft (2024)
• Mettu Street: Rs 1,320 per sq.ft (2024)
• Chinna Chetty Street (A) Nehru Street: Rs 1,320 per sq.ft (2024)
• Bazaar street: Rs 3,300 per sq.ft (2024)
• Bangalore High Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kakkila street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kakkila street?

Kakkila street falls under the jurisdiction of the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee, Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Nasarathpettai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that the transaction is legally compliant and accurately recorded.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Proper understanding of these values helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Kakkila street?

The current guideline value of Kakkila street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 340% over the years.

What is the land classification for Kakkila street?

Kakkila street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Kakkila street?

The Sub Registrar Office covering Kakkila street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee, Chennai - 600056.

How is stamp duty calculated for properties in Kakkila street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,320 per sq.ft incurs a stamp duty of Rs 92,400.