Guideline Value for Kazhikundram 4th Lane

Kazhikundram 4th Lane guideline value

The current guideline value of Kazhikundram 4th Lane 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 4th Lane has changed

The guideline value for Kazhikundram 4th Lane has undergone several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it saw a decrease to Rs 2,345 per sq.ft in 2017. The value then rose to Rs 3,500 per sq.ft in 2023, before reaching the current rate of Rs 3,900 per sq.ft in 2024. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Between the revisions, the changes were as follows: from 2007 to 2012, there was an increase of 192%; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 11%. Overall, from 2007 to 2024, the guideline value has increased by 225%.

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 value for these streets is Rs 6,600 per sq.ft, making Kazhikundram 4th Lane's 2024 figure of Rs 3,900 per sq.ft below that median.

• Kazhikundram 3rd Street: Rs 3,900 per sq.ft (2024)
• Kazhikundram 4th Street: Rs 3,900 per sq.ft (2024)
• Kazhikundram 3rd Lane: Rs 3,900 per sq.ft (2024)
• Kazhikundram 5th Street: Rs 3,900 per sq.ft (2024)
• KazhiKundram 2nd Street: Rs 3,900 per sq.ft (2024)
• Kazhikundram 6th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kazhikundram 4th Lane

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, bringing the total costs together to 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kazhikundram 4th Lane?

The Sub Registrar Office that covers Kazhikundram 4th Lane is the Adayar Sub Registrar Office, 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 plays a crucial role during the registration process of property transactions in Kazhikundram. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation.

Frequently asked questions

What is the current guideline value of Kazhikundram 4th Lane?

The current guideline value of Kazhikundram 4th Lane is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much 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, reflecting an overall increase of 225% over this period.

What is the land classification for Kazhikundram 4th Lane?

Kazhikundram 4th Lane is classified as Residential Class III Type - I, indicating its use for residential purposes.

What are the stamp duty and registration fees for properties in Kazhikundram 4th Lane?

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 office handles the registration for Kazhikundram 4th Lane?

The Adayar Sub Registrar Office handles the registration for Kazhikundram 4th Lane, located at 51, Kamaraj Avenue, second Street, Adyar, Chennai-20.