Guideline Value

Corporate

Guideline Value for Kazhikundram 1st Street

₹3900/sq.ft.

The guideline value for Kazhikundram 1st 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 Kazhikundram 1st Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Kazhikundram 1st Street guideline value

The current guideline value of Kazhikundram 1st Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street 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 Street has changed

The guideline value for Kazhikundram 1st Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, in 2017, the value decreased to Rs 2,345 per sq.ft. The 2023 revision raised it to Rs 3,500 per sq.ft, and the latest 2024 revision has set the value at Rs 3,900 per sq.ft.

In terms of percentage changes, from 2007 to 2012, there was a significant increase of 192%. However, from 2012 to 2017, the value decreased by 33%. The subsequent increase from 2017 to 2023 was 49%, followed by an 11% rise from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 225%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kazhikundram

In Kazhikundram village, there are 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 Street is below this median.

Stamp duty and registration fee for property in Kazhikundram 1st 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 amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total Rs 3,51,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kazhikundram 1st Street?

The Sub Registrar Office that covers Kazhikundram 1st Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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 serves as a benchmark for determining the stamp duty and registration fees that need to be paid based on the property's value.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kazhikundram 1st Street?

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

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly, with the most recent revision showing a 225% increase from Rs 1,200 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024.

What is the land classification for Kazhikundram 1st Street?

Kazhikundram 1st Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property transactions in Kazhikundram?

The stamp duty for property transactions in Kazhikundram is currently set at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Kazhikundram?

The Adayar Sub Registrar Office is responsible for handling property registrations in Kazhikundram, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.