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Guideline Value

Corporate

Guideline Value for Buckingam Kalvai 2nd Cross Street

₹2800/sq.ft.

The guideline value for Buckingam Kalvai 2nd Cross Street in Kazhikundram village (Adayar SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kazhikundram

Village

Adayar

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Buckingam Kalvai 2nd Cross Street

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Buckingam Kalvai 2nd Cross Street guideline value

The current guideline value of Buckingam Kalvai 2nd Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Kazhikundram village and falls under the Adayar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Buckingam Kalvai 2nd Cross Street has changed

The guideline value for Buckingam Kalvai 2nd Cross Street has seen several revisions over the years. The 2012 revision set the guideline value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the latest revision in 2024 raised it further to Rs 2,800 per sq.ft.

In terms of percentage changes, the guideline value increased by 12% from 2023 to 2024. There was a significant increase of 49% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. Overall, the guideline value has increased by 12% from 2012 to 2024.

Guideline values in Kazhikundram

Kazhikundram village has a total of 68 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 12,700 per sq.ft, with a median value of Rs 6,600 per sq.ft. Buckingam Kalvai 2nd Cross Street's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Buckingam Kalvai 2nd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Buckingam Kalvai 2nd Cross Street?

The Sub Registrar Office that covers Buckingam Kalvai 2nd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kazhikundram. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is established by the Registration Department and reflects the minimum value for property transactions in the area.

When selling property, the guideline value is also taken into consideration to ensure that the property is not sold for less than its registered value. This helps maintain transparency and fairness in real estate transactions.

Frequently asked questions

What is the current guideline value for Buckingam Kalvai 2nd Cross Street?

The current guideline value for Buckingam Kalvai 2nd Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024, marking a 12% increase. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012.

What is the land classification for Buckingam Kalvai 2nd Cross Street?

The land classification for Buckingam Kalvai 2nd Cross Street is Residential Class IV Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles property registrations for this street?

The Adayar Sub Registrar Office handles property registrations for Buckingam Kalvai 2nd Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.