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Guideline Value

Corporate

Guideline Value for Buckingam Kalvai 8th Cross Street

₹2800/sq.ft.

The guideline value for Buckingam Kalvai 8th 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 8th Cross Street

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Buckingam Kalvai 8th Cross Street guideline value

The current guideline value of Buckingam Kalvai 8th 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 8th Cross Street has changed

The guideline value for Buckingam Kalvai 8th Cross Street has seen several revisions over the years. The earliest available figure is from 2012, where the value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017, and then an increase to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 2,800 per sq.ft.

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

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. The median value for these streets is Rs 6,600 per sq.ft, making the 2024 figure for Buckingam Kalvai 8th Cross Street below the median.

Stamp duty and registration fee for property in Buckingam Kalvai 8th 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 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 precise calculations.

Which Sub Registrar Office covers Buckingam Kalvai 8th Cross Street?

The Sub Registrar Office covering Buckingam Kalvai 8th 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 is a crucial factor in property transactions in Kazhikundram, as it determines the minimum value at which a property can be registered. When you buy or sell property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of property transactions. The registration process will require adherence to these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Buckingam Kalvai 8th Cross Street?

The current guideline value of Buckingam Kalvai 8th 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 back to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,800 per sq.ft in 2024.

What is the median guideline value for streets in Kazhikundram?

The median guideline value for streets in Kazhikundram is Rs 6,600 per sq.ft, which is higher than the current figure for Buckingam Kalvai 8th Cross Street.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 28,00,000, the total fees would be Rs 2,52,000.

Where is the Adayar Sub Registrar Office located?

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