Guideline Value

Corporate

Guideline Value for Kazhikundram 3rd Street

₹3900/sq.ft.

The guideline value for Kazhikundram 3rd 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 3rd Street

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Kazhikundram 3rd Street guideline value

The current guideline value of Kazhikundram 3rd 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 3rd Street has changed

The guideline value for Kazhikundram 3rd Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 1,200 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 192%. However, it then dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%. The guideline value further increased to Rs 3,500 per sq.ft in 2023, and subsequently rose to Rs 3,900 per sq.ft in 2024, reflecting an increase of 11%.

Overall, from 2007 to 2024, the guideline value has increased by 225%. It is important to note that there are no recorded figures for the years 2002 and 2003 for Kazhikundram 3rd Street.

Guideline values in Kazhikundram

In Kazhikundram village, 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 guideline value for these streets is Rs 6,600 per sq.ft, making the 2024 figure for Kazhikundram 3rd Street below this median.

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

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

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Kazhikundram 3rd Street?

The Sub Registrar Office that covers Kazhikundram 3rd Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, 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 when registering a property in Kazhikundram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of the transaction. It is essential for both parties 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 3rd Street?

The current guideline value of Kazhikundram 3rd 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 significantly 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 the years.

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

Other streets in Kazhikundram with a 2024 guideline value of Rs 3,900 per sq.ft include Kazhikundram 3rd Lane, Kazhikundram 4th Lane, Kazhikundram 2nd Street, Kazhikundram 4th Street, Kazhikundram 2nd Main Road, and Kazhikundram 5th Street.

What is the registration office for Kazhikundram 3rd Street?

The registration office for Kazhikundram 3rd Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for property in Kazhikundram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 39,00,000, the stamp duty would be Rs 2,73,000 at 7%.