Guideline Value for Kizhandai First Street

Kizhandai First Street guideline value

The current guideline value of Kizhandai First Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in MummoodiKuppam village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kizhandai First Street has changed

Looking at the historical revisions, the guideline value for Kizhandai First Street was Rs 150 per sq.ft in both the 2023 and 2024 revisions. Before that, in the 2017 revision, the value was Rs 100 per sq.ft, marking a 50% increase from 2017 to 2023. In the 2012 revision, the value was Rs 150 per sq.ft, showing a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 150 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 revision at Rs 150 per sq.ft and the 2017 revision at Rs 100 per sq.ft are the only changes recorded prior to 2023.

Guideline values in MummoodiKuppam

In MummoodiKuppam, there are 9 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 126 to Rs 350 per sq.ft. The median value for these streets is Rs 150 per sq.ft, which is equal to the 2024 figure for Kizhandai First Street.

• Kizhandai Second Street: Rs 150 per sq.ft (2024)
• Kizhandai Third Street: Rs 150 per sq.ft (2024)
• Mummoodikuppam Colony: Rs 126 per sq.ft (2024)
• Pallaikara Street: Rs 175 per sq.ft (2024)
• Perumal Kovil Street: Rs 175 per sq.ft (2024)
• Ashwini Airport City Phase-I II III: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Kizhandai First Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kizhandai First Street?

The Kizhandai First Street falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in MummoodiKuppam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are recorded fairly and transparently, reflecting the true value of the property.

Frequently asked questions

What is the current guideline value of Kizhandai First Street?

The current guideline value of Kizhandai First Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What are the other streets in MummoodiKuppam with similar guideline values?

Other streets in MummoodiKuppam with a guideline value of Rs 150 per sq.ft include Kizhandai Second Street and Kizhandai Third Street. Additionally, Mummoodikuppam Colony has a value of Rs 126 per sq.ft.

What fees are associated with buying property in Kizhandai First Street?

When buying property in Kizhandai First Street, the total fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value. For a 1,000 sq.ft plot, these fees would total Rs 13,500.

Where can I find the Sub Registrar Office for Kizhandai First Street?

The Sub Registrar Office covering Kizhandai First Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your specific SRO through the provided link.