Guideline Value for Greater Kailash 6th Street

Greater Kailash 6th Street guideline value

The current guideline value of Greater Kailash 6th Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Greater Kailash 6th Street has changed

The guideline value for Greater Kailash 6th Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 1,500 per sq.ft. In 2017, it dropped to Rs 1,005 per sq.ft, representing a decrease of 33%. However, in 2023, the value increased to Rs 1,500 per sq.ft, and further rose to Rs 1,600 per sq.ft in the 2024 revision, marking a 7% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 7%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value is Rs 2,400 per sq.ft, placing Greater Kailash 6th Street's 2024 figure below this median.

• Greater Kailash 6th Cross Street: Rs 1,600 per sq.ft (2024)
• Greater Kailash 7th Cross Street: Rs 1,600 per sq.ft (2024)
• Greater Kailash 5th Street: Rs 1,600 per sq.ft (2024)
• Greater Kailash 7th Street: Rs 1,600 per sq.ft (2024)
• Greater Kailash 5th Cross Street: Rs 1,600 per sq.ft (2024)
• Greater Kailash Main Road: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Greater Kailash 6th 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, making the total cost Rs 1,44,000. Duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Greater Kailash 6th Street?

The Greater Kailash 6th 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, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in the real estate market. It is crucial for buyers and sellers to be aware of the current guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Greater Kailash 6th Street?

The current guideline value of Greater Kailash 6th 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 has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, with fluctuations in between, including a drop to Rs 1,005 per sq.ft in 2017 and a rise to Rs 1,500 per sq.ft in 2023.

What is the land classification of Greater Kailash 6th Street?

Greater Kailash 6th Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties here?

For a property valued at 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.

Where is the Sub Registrar Office for Greater Kailash 6th Street located?

The Sub Registrar Office covering Greater Kailash 6th Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.