Guideline Value for Buckingam Kalvai 6th Cross Street

Buckingam Kalvai 6th Cross Street guideline value

The current guideline value of Buckingam Kalvai 6th 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 6th Cross Street has changed

The guideline value for Buckingam Kalvai 6th Cross Street has undergone several revisions over the years. In 2012, the value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 2,500 per sq.ft. The most recent revision in 2024 set the value at Rs 2,800 per sq.ft, marking a 12% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Kazhikundram

In Kazhikundram, there are 68 streets under the Adayar SRO that have 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 6th Cross Street is below this median.

• Buckingam Kalvai 5th Cross Street: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 7th Cross Street: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 4th Cross Street: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 8th Cross Street: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 3rd Cross Street: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 9th Cross Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Buckingam Kalvai 6th 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 be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. Please 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 information.

Which Sub Registrar Office covers Buckingam Kalvai 6th Cross Street?

The Sub Registrar Office that covers Buckingam Kalvai 6th Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more details, 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 when registering property transactions in Kazhikundram. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Buckingam Kalvai 6th Cross Street?

The current guideline value of Buckingam Kalvai 6th Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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 up to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification for Buckingam Kalvai 6th Cross Street?

The land classification for Buckingam Kalvai 6th Cross Street is Residential Class IV Type - II.

Where can I find the registration office for this area?

The registration office for Buckingam Kalvai 6th Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Kazhikundram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. The current rate for stamp duty is 7%, and the registration fee is 2% of the guideline value.