Guideline Value for G.S.T. Road

G.S.T. Road guideline value

The current guideline value of G.S.T. Road in Kilambakkam village is Rs 3,000 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Commercial Class I Type - I.

How the guideline value of G.S.T. Road has changed

Since the 2007 revision, the guideline value for G.S.T. Road has seen significant changes. In 2007, the value was Rs 1,000 per sq.ft, which increased dramatically to Rs 3,500 per sq.ft in 2012. However, this value dropped to Rs 2,345 per sq.ft in 2017. The most recent revision in 2023 set the guideline value at Rs 3,000 per sq.ft, marking an increase of 28% from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 200%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures provided for Kilambakkam. G.S.T. Road is part of the Gooduvancheri SRO, and there are no other streets in Kilambakkam listed.

Stamp duty and registration fee for property in G.S.T. Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 30,00,000. The stamp duty at 7% would amount to Rs 2,10,000, while the registration fee at 2% would be Rs 60,000, bringing the total to Rs 2,70,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.S.T. Road?

The G.S.T. Road is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kilambakkam. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. The fees are calculated based on the higher of the guideline value or the actual sale price of the property.

When registering a property, it's essential to ensure that the transaction aligns with the current guideline value to avoid discrepancies. Buyers and sellers should be aware of the latest revisions to the guideline value to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of G.S.T. Road?

The current guideline value of G.S.T. Road is Rs 3,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 3,500 per sq.ft in 2012, then decreased to Rs 2,345 per sq.ft in 2017. The latest revision in 2023 set it at Rs 3,000 per sq.ft.

What is the registration fee for property in G.S.T. Road?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 30,00,000, the registration fee would be Rs 60,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a guideline value for G.S.T. Road in 2024?

No, the register has no figure for G.S.T. Road for the year 2024.