Guideline Value for Kizhandai Street

Kizhandai Street guideline value

The current guideline value of Kizhandai Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Kunnam village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kizhandai Street has changed

The guideline value for Kizhandai Street has seen several revisions over the years. The earliest recorded revision is from 2012, with a guideline value of Rs 250 per sq.ft. This was followed by a decrease to Rs 167 per sq.ft in 2017, marking a decline of 33%. The value remained at Rs 200 per sq.ft during the 2023 revision and continues at the same rate in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was an increase of 20%, bringing the value back to Rs 200 per sq.ft. Overall, from the 2012 revision to the 2024 revision, there has been a decrease of 20% in the guideline value for Kizhandai Street.

Guideline values in Kunnam

Kunnam village has a total of 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 181 to Rs 660 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which is equal to the current guideline value of Kizhandai Street.

• Lakshmi Nagar: Rs 200 per sq.ft (2024)
• Lakshmi nagar Extension: Rs 200 per sq.ft (2024)
• Manikandan Nagar: Rs 181 per sq.ft (2024)
• Mettu Street: Rs 181 per sq.ft (2024)
• Nadu Street: Rs 181 per sq.ft (2024)
• New Colony: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Kizhandai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kizhandai Street?

The Sub Registrar Office that covers Kizhandai Street is the Sunguvarchattram Sub Registrar Office. The address is Vadivamal Nagar Kandigai Road Caparo Company Opp, sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kunnam. It is used as a benchmark to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value is essential for ensuring that the transaction is recorded accurately and that the appropriate taxes are collected.

When you buy or sell property, the guideline value helps establish a fair basis for the transaction. It ensures transparency and compliance with local regulations, as the authorities rely on these values to assess the financial aspects of property transfers.

Frequently asked questions

What is the current guideline value of Kizhandai Street?

The current guideline value of Kizhandai Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then remained at Rs 200 per sq.ft in both 2023 and 2024.

What is the land classification for Kizhandai Street?

Kizhandai Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Kizhandai Street?

The registration office for Kizhandai Street is the Sunguvarchattram Sub Registrar Office, located on Vadivamal Nagar Kandigai Road Caparo Company Opp, sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kizhandai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.