Guideline Value

Corporate

Guideline Value for Kazhikundram 5th Street

₹3900/sq.ft.

The guideline value for Kazhikundram 5th 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 5th Street

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Kazhikundram 5th Street guideline value

The current guideline value of Kazhikundram 5th 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 5th Street has changed

The guideline value for Kazhikundram 5th Street has seen several revisions over the years. 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, there was a decrease to Rs 2,345 per sq.ft in 2017. The 2023 revision raised it to Rs 3,500 per sq.ft, and the most recent 2024 revision has further increased it to Rs 3,900 per sq.ft.

Between these revisions, the changes have varied. From 2007 to 2012, there was a substantial increase of 192%. However, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, and from 2023 to 2024, there was an increase of 11%. Overall, from 2007 to 2024, the guideline value has increased by 225%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kazhikundram

Kazhikundram village has a total of 68 streets under the Adayar SRO, with 2024 guideline values 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, placing Kazhikundram 5th Street's 2024 figure below this median.

Stamp duty and registration fee for property in Kazhikundram 5th 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kazhikundram 5th Street?

The Kazhikundram 5th Street is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for additional information.

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

The guideline value is an important factor when registering property transactions in Kazhikundram. It is used to determine the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price of the property.

When buying or selling property, it is essential to be aware of the current guideline value as it directly affects the costs involved in the registration process. Buyers should ensure that they are informed of the latest figures to avoid any unexpected expenses during the transaction.

Frequently asked questions

What is the current guideline value of Kazhikundram 5th Street?

The current guideline value of Kazhikundram 5th 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 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 the years.

What is the registration office for Kazhikundram 5th Street?

The registration office for Kazhikundram 5th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Kazhikundram 5th Street?

Stamp duty for properties in Kazhikundram 5th Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied.

What are the guideline values of other streets in Kazhikundram?

Other streets in Kazhikundram have guideline values that are currently set at Rs 3,900 per sq.ft for several streets, which is consistent with the value of Kazhikundram 5th Street.