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Guideline Value

Corporate

Guideline Value for Kazhikundram 2nd Main Road

₹3900/sq.ft.

The guideline value for Kazhikundram 2nd 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 2nd Main Road

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Kazhikundram 2nd Main Road guideline value

The current guideline value of Kazhikundram 2nd 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 2nd Main Road has changed

The guideline value for Kazhikundram 2nd Main Road has seen several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a 192% rise. However, it then decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, and most recently, it increased to Rs 3,900 per sq.ft in 2024, reflecting an 11% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 225%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kazhikundram

Kazhikundram village has a range of guideline values across its 68 streets under the Adayar SRO, with the 2024 values varying 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 the Kazhikundram 2nd Main Road's 2024 figure below that median.

Stamp duty and registration fee for property in Kazhikundram 2nd 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 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, totaling Rs 3,51,000. Duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kazhikundram 2nd Main Road?

The Adayar Sub Registrar Office covers Kazhikundram 2nd Main Road. The office is 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 is a critical factor in property transactions, as it determines the minimum price at which a property can be registered. When buying or selling property in Kazhikundram, the guideline value will be used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. The guideline value helps in establishing a fair price for properties in the area, facilitating transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Kazhikundram 2nd Main Road?

The current guideline value of Kazhikundram 2nd Main Road 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, marking an overall increase of 225% over this period.

What is the land classification for Kazhikundram 2nd Main Road?

Kazhikundram 2nd Main Road is classified as Residential Class III Type - I.

What are the other streets in Kazhikundram with the same guideline value?

Other streets in Kazhikundram with the same guideline value of Rs 3,900 per sq.ft in 2024 include Kazhikundram 2nd Lane, KazhiKundram 2nd Street, Kazhikundram 1st Street, Kazhikundram 3rd Lane, KazhiKundram 1st Main Road, and Kazhikundram 3rd Street.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.