Guideline Value

Corporate

Guideline Value for Kazhikundram 3rd Lane

₹3900/sq.ft.

The guideline value for Kazhikundram 3rd Lane 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)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
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 3rd Lane

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Kazhikundram 3rd Lane guideline value

The current guideline value of Kazhikundram 3rd Lane is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kazhikundram village under the Adayar SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Kazhikundram 3rd Lane has changed

Over the years, the guideline value of Kazhikundram 3rd Lane has seen several revisions. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it then decreased to Rs 2,345 per sq.ft in 2017. The subsequent revisions saw an increase to Rs 3,500 per sq.ft in 2023, and finally, the current value is Rs 3,900 per sq.ft as of the 2024 revision. There are no figures available for the years 2002 and 2003 for this street.

In terms of percentage changes, from 2007 to 2012, there was an increase of 192%, followed by a decrease of 33% from 2012 to 2017. From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 11%. 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, with guideline values ranging from Rs 2,800 to Rs 12,700 per sq.ft as of 2024. The median guideline value in this village is Rs 6,600 per sq.ft, placing Kazhikundram 3rd Lane's 2024 figure below that median.

Stamp duty and registration fee for property in Kazhikundram 3rd Lane

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 together to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kazhikundram 3rd Lane?

The Sub Registrar Office that covers Kazhikundram 3rd Lane is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For further details, you can find your SRO.

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

The guideline value is a crucial factor in 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 the transaction is recorded accurately.

During the registration, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers need to be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kazhikundram 3rd Lane?

The current guideline value of Kazhikundram 3rd Lane 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 a total increase of 225% over this period.

What is the land classification of Kazhikundram 3rd Lane?

Kazhikundram 3rd Lane is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty rates for properties in Kazhikundram?

The stamp duty for properties in Kazhikundram is set at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, and it serves the Kazhikundram area.