Guideline Value for Kazhikundram 4th Street

Kazhikundram 4th Street guideline value

The current guideline value of Kazhikundram 4th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kazhikundram village under the Adayar Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

How the guideline value of Kazhikundram 4th Street has changed

Over the years, the guideline value of Kazhikundram 4th Street 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 the 2012 revision. However, this value dropped to Rs 2,345 per sq.ft in the 2017 revision. The 2023 revision marked a rise to Rs 3,500 per sq.ft, and the most recent 2024 revision has further increased it to Rs 3,900 per sq.ft.

In terms of percentage changes, the value increased by 192% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The jump from 2023 to 2024 is 11%. Overall, from 2007 to 2024, the guideline value has increased by 225%. There are no figures available 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 have 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. Kazhikundram 4th Street's 2024 guideline value is below this median.

• Kazhikundram 4th Lane: Rs 3,900 per sq.ft (2024)
• Kazhikundram 5th Street: Rs 3,900 per sq.ft (2024)
• Kazhikundram 3rd Street: Rs 3,900 per sq.ft (2024)
• Kazhikundram 6th Street: Rs 3,900 per sq.ft (2024)
• Kazhikundram 3rd Lane: Rs 3,900 per sq.ft (2024)
• Kazhikundram 7th Street: Rs 3,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the 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, totaling 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kazhikundram 4th Street?

The Adayar Sub Registrar Office covers Kazhikundram 4th Street. The office is 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 a crucial factor when registering property transactions in Kazhikundram. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

Frequently asked questions

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

The current guideline value of Kazhikundram 4th 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 increased 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 stamp duty and registration fees for property in Kazhikundram 4th Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 3,51,000, based on the current guideline value of Rs 39,00,000.

Which Sub Registrar Office covers Kazhikundram 4th Street?

The Adayar Sub Registrar Office covers Kazhikundram 4th Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Kazhikundram 4th Street?

Kazhikundram 4th Street is classified as Residential Class III Type - I, indicating its suitability for residential development.