Guideline Value for KEELKARANAI PILLAIYAR KOIL STREET

Keelkaranai Pillaiyar Koil Street guideline value

The current guideline value of Keelkaranai Pillaiyar Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kilkaranai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Keelkaranai Pillaiyar Koil Street has changed

In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This figure decreased to Rs 670 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kilkaranai

In Kilkaranai, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 1,870 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is also the guideline value for Keelkaranai Pillaiyar Koil Street.

• Keelkaranai Main Road: Rs 1,100 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,650 per sq.ft (2024)
• Mettu Street: Rs 1,100 per sq.ft (2024)
• Muthumariamman Koil Street: Rs 1,100 per sq.ft (2024)
• Chithamanur Area II Industrial Area: Rs 1,320 per sq.ft (2024)
• School Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Keelkaranai Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Keelkaranai Pillaiyar Koil Street?

The Sub Registrar Office that covers Keelkaranai Pillaiyar Koil Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kilkaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is compared with the sale price, and the higher amount 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 Keelkaranai Pillaiyar Koil Street?

The current guideline value of Keelkaranai Pillaiyar Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Keelkaranai Pillaiyar Koil Street?

The land classification for Keelkaranai Pillaiyar Koil Street is Residential Special Type - II.

Where can I find the Sub Registrar Office for this street?

The Chengleput Joint II Sub Registrar Office, which covers Keelkaranai Pillaiyar Koil Street, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kilkaranai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.