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Guideline Value

Corporate

Guideline Value for Buckingam Kalvai 4th Cross Street

₹2800/sq.ft.

The guideline value for Buckingam Kalvai 4th 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 4th Cross Street

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Buckingam Kalvai 4th Cross Street guideline value

The current guideline value of Buckingam Kalvai 4th Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Kazhikundram village under the Adayar SRO, classified as Residential Class IV Type - II.

How the guideline value of Buckingam Kalvai 4th Cross Street has changed

The guideline value for Buckingam Kalvai 4th Cross Street has undergone several revisions over the years. In 2012, the value was set at Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then to Rs 2,800 per sq.ft in 2024, marking a 12% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 value to the current 2024 figure, there has been a 12% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kazhikundram

Kazhikundram village has a total of 68 streets under the Adayar SRO, with guideline values ranging from Rs 2,800 to Rs 12,700 per sq.ft. The median guideline value in this area is Rs 6,600 per sq.ft, indicating that the 2024 figure for Buckingam Kalvai 4th Cross Street is below the median.

Stamp duty and registration fee for property in Buckingam Kalvai 4th Cross Street

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

Which Sub Registrar Office covers Buckingam Kalvai 4th Cross Street?

The Buckingam Kalvai 4th Cross Street falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kazhikundram. It is used to determine the stamp duty and registration fees payable during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for calculating the taxes involved in the transaction. This value is particularly important for both parties to ensure that the sale price is accurately reported and that the correct fees are paid to the government.

Frequently asked questions

What is the current guideline value of Buckingam Kalvai 4th Cross Street?

The current guideline value of Buckingam Kalvai 4th 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 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What are the other streets in Kazhikundram with the same guideline value?

Other streets in Kazhikundram that share the same guideline value of Rs 2,800 per sq.ft in 2024 include Buckingam Kalvai 1st, 2nd, 3rd, 5th, 6th, and 7th Cross Streets.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Buckingam Kalvai 4th Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft at the current rate, the total guideline value would be Rs 28,00,000, leading to a stamp duty of Rs 1,96,000.