Guideline Value for KazhiKundram 2nd Street

KazhiKundram 2nd Street guideline value

The current guideline value of KazhiKundram 2nd Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kazhikundram village and falls under the Adayar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of KazhiKundram 2nd Street has changed

The guideline value for KazhiKundram 2nd Street has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, it then decreased to Rs 2,345 per sq.ft in 2017. The value rose significantly to Rs 3,500 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 3,900 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 225%.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. The jump from 2023 to 2024 represents an 11% increase. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kazhikundram

In Kazhikundram, there are 68 streets under the Adayar SRO that have 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, placing KazhiKundram 2nd Street's 2024 figure below that median.

• Kazhikundram 2nd Main Road: Rs 3,900 per sq.ft (2024)
• Kazhikundram 3rd Lane: Rs 3,900 per sq.ft (2024)
• Kazhikundram 2nd Lane: Rs 3,900 per sq.ft (2024)
• Kazhikundram 3rd Street: Rs 3,900 per sq.ft (2024)
• Kazhikundram 1st Street: Rs 3,900 per sq.ft (2024)
• Kazhikundram 4th Lane: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in KazhiKundram 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value would be 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. It is important to note that the 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 details.

Which Sub Registrar Office covers KazhiKundram 2nd Street?

The Sub Registrar Office that covers KazhiKundram 2nd 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 an important factor in the registration process when buying or selling property in KazhiKundram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value.

Frequently asked questions

What is the current guideline value of KazhiKundram 2nd Street?

The current guideline value of KazhiKundram 2nd 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, showing an overall increase of 225% over the years.

What are the stamp duty and registration fees for properties in KazhiKundram 2nd Street?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office is responsible for KazhiKundram 2nd Street?

The Adayar Sub Registrar Office is responsible for KazhiKundram 2nd Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for KazhiKundram 2nd Street?

The land classification for KazhiKundram 2nd Street is Residential Class III Type - I.