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Guideline Value

Corporate

Guideline Value for KazhiKundram 1st Main Road

₹3900/sq.ft.

The guideline value for Kazhikundram 1st Main Road 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 Kazhikundram 1st Main Road

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KazhiKundram 1st Main Road guideline value

The current guideline value of KazhiKundram 1st Main Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This road is located in Kazhikundram village, under the Adayar SRO, and is classified as Residential Class III Type - I.

How the guideline value of KazhiKundram 1st Main Road has changed

Over the years, the guideline value for KazhiKundram 1st Main Road has seen significant changes. The 2007 revision recorded a value of Rs 1,200 per sq.ft, which increased dramatically to Rs 3,500 per sq.ft in the 2012 revision, marking a rise of 192%. However, this value dropped to Rs 2,345 per sq.ft in 2017, reflecting a decrease of 33%. The subsequent revision in 2023 brought the value up to Rs 3,500 per sq.ft, and the latest revision in 2024 has further increased it to Rs 3,900 per sq.ft, an increase of 11% from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 225%.

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. The guideline value for KazhiKundram 1st Main Road is below this median.

Stamp duty and registration fee for property in KazhiKundram 1st Main Road

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, bringing the total fees to Rs 3,51,000. It is essential 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 KazhiKundram 1st Main Road?

The Sub Registrar Office covering KazhiKundram 1st Main 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 during the registration process when buying or selling property in KazhiKundram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are documented accurately.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the property transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of KazhiKundram 1st Main Road?

The current guideline value of KazhiKundram 1st Main Road is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,200 per sq.ft to Rs 3,900 per sq.ft in 2024, marking an overall increase of 225% over the years.

What is the registration fee for properties in KazhiKundram 1st Main Road?

The registration fee for properties in KazhiKundram 1st Main Road is calculated at 2% of the guideline value. For example, a property valued at Rs 39,00,000 would incur a registration fee of Rs 78,000.

Which office handles registrations for KazhiKundram 1st Main Road?

The Adayar Sub Registrar Office is responsible for handling registrations for KazhiKundram 1st Main Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in KazhiKundram?

Stamp duty for properties in KazhiKundram is charged at 7% of the guideline value or the sale price, whichever is higher. For instance, a property valued at Rs 39,00,000 would incur a stamp duty of Rs 2,73,000.