Guideline Value for RAJARAM METHA NAGAR - KAKKAN STREET

Rajaram Metha Nagar - Kakkan Street guideline value

The current guideline value for Rajaram Metha Nagar - Kakkan Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Vadaagaram village under the Kodambakkam SRO, classified as Residential Class IV Type - III.

How the guideline value of Rajaram Metha Nagar - Kakkan Street has changed

The guideline value for Rajaram Metha Nagar - Kakkan Street has seen several revisions over the years. In 2007, the value was Rs 750 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. The value rose again to Rs 3,000 per sq.ft in 2023 and is now Rs 3,300 per sq.ft from the 2024 revision. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the increase was 49%, while from 2012 to 2017, there was a decrease of 33%. The jump from 2007 to 2012 was a remarkable 300%. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Vadaagaram

In Vadaagaram, there are 78 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value for Rajaram Metha Nagar - Kakkan Street is below this median.

• Rajaram Metha Nagar - Bharathiyar Street: Rs 6,600 per sq.ft (2024)
• Rajaram Metha Nagar - Kambar Street: Rs 6,600 per sq.ft (2024)
• Rajaram Metha Nagar - Avvaiyar Street: Rs 6,600 per sq.ft (2024)
• Rajaram Metha Nagar Main Road: Rs 7,700 per sq.ft (2024)
• Rajaram Metha Nagar - Amman Koil Street: Rs 6,600 per sq.ft (2024)
• Rajaram Metha Nagar - Malligai Garden Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Rajaram Metha Nagar - Kakkan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajaram Metha Nagar - Kakkan Street?

The Sub Registrar Office that covers Rajaram Metha Nagar - Kakkan Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vadaagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for Rajaram Metha Nagar - Kakkan Street?

The current guideline value for Rajaram Metha Nagar - Kakkan Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 750 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, indicating a significant increase over the years.

What was the guideline value in 2017?

The guideline value for Rajaram Metha Nagar - Kakkan Street in 2017 was Rs 2,010 per sq.ft.

Where can I find the registration office for Rajaram Metha Nagar - Kakkan Street?

The registration office for Rajaram Metha Nagar - Kakkan Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Rajaram Metha Nagar - Kakkan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.