Guideline Value

Corporate

Guideline Value for Kazhikundram 7th Street

₹3900/sq.ft.

The guideline value for Kazhikundram 7th 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 7th Street

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Kazhikundram 7th Street guideline value

The current guideline value of Kazhikundram 7th 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 7th Street has changed

The guideline value has undergone several revisions over the years. The 2007 revision recorded a value of Rs 1,200 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in the 2012 revision, marking a rise of 192%. However, in 2017, the value dropped to Rs 2,345 per sq.ft, a decrease of 33%. The 2023 revision saw a substantial increase to Rs 3,500 per sq.ft, and the current 2024 revision has further raised it to Rs 3,900 per sq.ft, which is an 11% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 225%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kazhikundram

Kazhikundram village features a total of 68 streets under the Adayar SRO, with a 2024 guideline value range from Rs 2,800 to Rs 12,700 per sq.ft. The median guideline value in this area is Rs 6,600 per sq.ft, indicating that Kazhikundram 7th Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Kazhikundram 7th Street

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 cost to Rs 3,51,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kazhikundram 7th Street?

The Adayar Sub Registrar Office covers Kazhikundram 7th Street. The office is 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 is a crucial figure used during the registration of property transactions. When buying or selling property in Kazhikundram, this value determines the stamp duty and registration fees that need to be paid, ensuring that both parties comply with legal requirements.

It is essential to be aware of the guideline value as it serves as a benchmark for property transactions. Buyers and sellers should refer to the latest revisions to understand the applicable costs associated with their property dealings.

Frequently asked questions

What is the current guideline value of Kazhikundram 7th Street?

The current guideline value of Kazhikundram 7th 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 these years.

What is the land classification of Kazhikundram 7th Street?

Kazhikundram 7th Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Kazhikundram 7th Street?

The Adayar Sub Registrar Office, which covers Kazhikundram 7th Street, is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Kazhikundram?

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