Guideline Value for Greater Kailash 5th Cross Street

Greater Kailash 5th Cross Street guideline value

The current guideline value of Greater Kailash 5th Cross Street is Rs 1,600 per sq.ft, effective from 1 July 2024. 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 5th Cross Street has changed

In the 2012 revision, the guideline value for Greater Kailash 5th Cross Street was Rs 1,500 per sq.ft. This represents a 7% increase to the current value of Rs 1,600 per sq.ft as per the 2024 revision. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

From 2012 to 2024, the guideline value increased from Rs 1,500 to Rs 1,600 per sq.ft. The change reflects the current valuation as of July 2024, indicating a steady adjustment over the years.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Greater Kailash 5th Cross Street is below this median.

• Greater Kailash 4th Street: Rs 1,600 per sq.ft (2024)
• Greater Kailash 5th Street: Rs 1,600 per sq.ft (2024)
• Greater Kailash 4th Cross Street: Rs 1,600 per sq.ft (2024)
• Greater Kailash 6th Cross Street: Rs 1,600 per sq.ft (2024)
• Greater Kailash 3rd Street: Rs 1,600 per sq.ft (2024)
• Greater Kailash 6th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Greater Kailash 5th 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 amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, resulting in a total of 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 more details on fees applicable to property transactions.

Which Sub Registrar Office covers Greater Kailash 5th Cross Street?

The Greater Kailash 5th Cross Street is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Greater Kailash 5th Cross Street?

The current guideline value of Greater Kailash 5th 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 increased from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, marking a 7% increase. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot valued at the current guideline rate, the total guideline value is Rs 16,00,000. The stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles registrations for Greater Kailash 5th Cross Street?

The Selaiyur Sub Registrar Office handles registrations for Greater Kailash 5th Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Greater Kailash 5th Cross Street?

The land classification for Greater Kailash 5th Cross Street is Residential Class II Type - I. This classification is important for determining the applicable guidelines and regulations for property transactions in the area.