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Guideline Value

Corporate

Guideline Value for Ista Chithi Vinayagar Koil Street

₹3900/sq.ft.

The guideline value for Ista Chithi Vinayagar Koil Street in Kazhikundram village (Adayar SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kazhikundram

Village

Adayar

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
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 Ista Chithi Vinayagar Koil Street

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Ista Chithi Vinayagar Koil Street guideline value

The current guideline value of Ista Chithi Vinayagar Koil Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kazhikundram village, under the Adayar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ista Chithi Vinayagar Koil Street has changed

The guideline value for Ista Chithi Vinayagar Koil Street has undergone several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it then dropped to Rs 2,345 per sq.ft in 2017. The value saw a substantial rise to Rs 3,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 3,900 per sq.ft.

Between the revisions, the changes were notable. From 2007 to 2012, there was a +192% increase, followed by a -33% decrease from 2012 to 2017. The value then increased by +49% from 2017 to 2023, and finally, a +11% rise was observed from 2023 to 2024. The overall change from 2007 to 2024 is +225%. The register has no figures for the years 2002 and 2003 for this street.

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, with a median value of Rs 6,600 per sq.ft. Ista Chithi Vinayagar Koil Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Ista Chithi Vinayagar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ista Chithi Vinayagar Koil Street?

The Sub Registrar Office covering Ista Chithi Vinayagar Koil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To locate your SRO, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kazhikundram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Ista Chithi Vinayagar Koil Street?

The current guideline value of Ista Chithi Vinayagar Koil Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of +225% over this period.

What are the guideline values of other streets in Kazhikundram?

Other streets in Kazhikundram have varying guideline values, ranging from Rs 2,800 to Rs 12,700 per sq.ft, with the median being Rs 6,600 per sq.ft.

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

Stamp duty is charged at 7% and the registration fee at 2% of the higher value between the guideline value and the sale price. For example, for a 1,000 sq.ft plot, the total fees would be Rs 3,51,000.

Where can I find the Sub Registrar Office for Ista Chithi Vinayagar Koil Street?

The Adayar Sub Registrar Office covers Ista Chithi Vinayagar Koil Street and is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.