Guideline Value for Kizhandai Third Street

Kizhandai Third Street guideline value

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

How the guideline value of Kizhandai Third Street has changed

The guideline value for Kizhandai Third Street has seen several revisions over the years. In 2012, the guideline value was Rs 150 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 100 per sq.ft. The value then increased by 50% to Rs 150 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 150 per sq.ft.

Guideline values in MummoodiKuppam

In MummoodiKuppam, there are nine streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 126 to Rs 350 per sq.ft. The median value among these streets is Rs 150 per sq.ft, which is equal to the current guideline value of Kizhandai Third Street.

• Kizhandai Second Street: Rs 150 per sq.ft (2024)
• Kizhandai First 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 Third 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, charged at 7%, would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kizhandai Third Street?

The Kizhandai Third Street is covered by the Sunguvarchattram Sub Registrar Office, located at 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 MummoodiKuppam

The guideline value plays a crucial role during property registration in MummoodiKuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kizhandai Third Street?

The current guideline value of Kizhandai Third 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 remained at Rs 150 per sq.ft since 2012, with a decrease to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023 and 2024.

What is the land classification for Kizhandai Third Street?

The land classification for Kizhandai Third Street is Residential Class II Type - I.

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

The Sub Registrar Office covering Kizhandai Third Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at 7%.