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Guideline Value

Corporate

Guideline Value for Buckingam Kalvai 9th Cross Street

₹2800/sq.ft.

The guideline value for Buckingam Kalvai 9th 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 9th Cross Street

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Buckingam Kalvai 9th Cross Street guideline value

The current guideline value of Buckingam Kalvai 9th 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 9th Cross Street has changed

The guideline value for Buckingam Kalvai 9th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. The 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,800 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%, while the 2023 to 2024 revision saw a rise of 12%. The overall change from 2012 to 2024 reflects 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 for these streets is Rs 6,600 per sq.ft, placing Buckingam Kalvai 9th Cross Street's 2024 figure below this median.

Stamp duty and registration fee for property in Buckingam Kalvai 9th 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 to Rs 2,52,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Buckingam Kalvai 9th Cross Street?

The Adayar Sub Registrar Office covers Buckingam Kalvai 9th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To find your SRO, visit find your SRO.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kazhikundram, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on an official valuation.

During the registration process, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Buckingam Kalvai 9th Cross Street?

The current guideline value of Buckingam Kalvai 9th 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 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 of Buckingam Kalvai 9th Cross Street?

Buckingam Kalvai 9th Cross Street is classified as Residential Class IV Type - II.

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 the stamp duty calculated for properties in Kazhikundram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 28,00,000 would incur a stamp duty of Rs 1,96,000 at 7%.