Guideline Value for Buckingam Kalvai Road

Buckingam Kalvai Road guideline value

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

How the guideline value of Buckingam Kalvai Road has changed

The guideline value for Buckingam Kalvai Road has undergone several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in 2017, marking a decline of 33%. However, the value saw a significant increase in the following years, rising to Rs 2,500 per sq.ft in 2023, and further increasing to Rs 2,800 per sq.ft in 2024, which is a 12% rise from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a net increase of 12%. 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, and the median value is Rs 6,600 per sq.ft. Buckingam Kalvai Road's current guideline value is below this median.

• Buckingam Kalvai 9th Cross Street: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 8th Cross Street: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 7th Cross Street: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 6th Cross Street: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 5th Cross Street: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 4th Cross Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Buckingam Kalvai Road

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 to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Buckingam Kalvai Road?

The Sub Registrar Office that covers Buckingam Kalvai Road is 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 plays a crucial role in property transactions in Kazhikundram. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the guideline value as it influences the overall cost of property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Buckingam Kalvai Road?

The current guideline value of Buckingam Kalvai Road 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 for Buckingam Kalvai Road?

Buckingam Kalvai Road 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 stamp duty calculated for properties on Buckingam Kalvai Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 2,800 per sq.ft, the stamp duty would be Rs 1,96,000.