Guideline Value for Greater Kailash 4th Cross Street

Greater Kailash 4th Cross Street guideline value

The current guideline value of Greater Kailash 4th Cross Street is Rs 1,600 per sq.ft. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Greater Kailash 4th Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,500 per sq.ft. However, in the latest 2024 revision, the guideline value increased to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been a 7% increase in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, indicating that the 2024 figure for Greater Kailash 4th Cross Street is below the median.

• Greater Kailash 3rd Street: Rs 1,600 per sq.ft (2024)
• Greater Kailash 4th Street: Rs 1,600 per sq.ft (2024)
• Greater Kailash 3rd Cross Street: Rs 1,600 per sq.ft (2024)
• Greater Kailash 5th Cross Street: Rs 1,600 per sq.ft (2024)
• Greater Kailash 2nd Street: Rs 1,600 per sq.ft (2024)
• Greater Kailash 5th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Greater Kailash 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, while the registration fee at 2% would be Rs 32,000. Together, these fees would total Rs 1,44,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Greater Kailash 4th Cross Street?

The Greater Kailash 4th Cross Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Madambakkam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that they are prepared for the associated fees based on this value.

Frequently asked questions

What is the current guideline value of Greater Kailash 4th Cross Street?

The current guideline value of Greater Kailash 4th Cross Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value remained at Rs 1,500 per sq.ft from 2012 to 2023. In 2024, it increased to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

What is the land classification for Greater Kailash 4th Cross Street?

Greater Kailash 4th Cross Street is classified as Residential Class II Type - I.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Greater Kailash 4th Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,12,000.