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Guideline Value

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Guideline Value for Buckingam Kalvai 5th Cross Street

₹2800/sq.ft.

The guideline value for Buckingam Kalvai 5th 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 5th Cross Street

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Buckingam Kalvai 5th Cross Street guideline value

The current guideline value of Buckingam Kalvai 5th 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 5th Cross Street has changed

The guideline value for Buckingam Kalvai 5th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which changed to Rs 1,675 per sq.ft in the 2017 revision. The 2023 revision increased the guideline value to Rs 2,500 per sq.ft, followed by the current 2024 revision which is Rs 2,800 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The latest revision from 2023 to 2024 saw a 12% increase. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%.

Guideline values in Kazhikundram

In Kazhikundram, there are 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. The guideline value for Buckingam Kalvai 5th Cross Street is below this median.

Stamp duty and registration fee for property in Buckingam Kalvai 5th 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 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 fees together to Rs 2,52,000. It is important to note that 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 Buckingam Kalvai 5th Cross Street?

The Sub Registrar Office that covers Buckingam Kalvai 5th Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions, as it is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers need to be aware of the current guideline value to accurately assess the costs involved in the transaction.

When a property is sold, the guideline value serves as a baseline for calculating the applicable fees, ensuring that both parties are aware of the financial obligations associated with the transfer of ownership. This helps in maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Buckingam Kalvai 5th Cross Street?

The current guideline value of Buckingam Kalvai 5th 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, showing a 49% increase from 2017 to 2023.

What is the land classification for Buckingam Kalvai 5th Cross Street?

Buckingam Kalvai 5th Cross Street is classified as Residential Class IV Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties 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. Fees are based on the higher of the guideline value or the sale price.

Which office handles property registrations for this street?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles property registrations for Buckingam Kalvai 5th Cross Street.