Guideline Value for Keela Street

Keela Street guideline value

The current guideline value of Keela Street in Karasangal village is Rs 103 per sq.ft, effective from 1 July 2024. This street falls under the Acchirapakkam SRO and is classified as Residential Class I Type - I.

How the guideline value of Keela Street has changed

In the 2017 revision, the guideline value for Keela Street was Rs 27 per sq.ft. This figure saw a significant increase to Rs 100 per sq.ft in the 2023 revision, marking a 270% rise. The most recent revision in 2024 set the guideline value at Rs 103 per sq.ft, reflecting a 3% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 281%.

Guideline values in Karasangal

In Karasangal, there are 16 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 103 to Rs 115 per sq.ft, with a median of Rs 103 per sq.ft. Keela Street's 2024 figure is equal to this median.

• Kela Attrankarai Street: Rs 103 per sq.ft (2024)
• Kudiyana Street: Rs 103 per sq.ft (2024)
• Little India: Rs 115 per sq.ft (2024)
• Mela theru: Rs 103 per sq.ft (2024)
• Harijana Street: Rs 103 per sq.ft (2024)
• Nadu Attrankarai Street: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Keela Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, and the registration fee at 2% would be Rs 2,060, together totaling Rs 9,270. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Keela Street?

The Sub Registrar Office that covers Keela Street is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Karasangal. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and complies with legal requirements.

Frequently asked questions

What is the current guideline value of Keela Street?

The current guideline value of Keela Street is Rs 103 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 27 per sq.ft in 2017 to Rs 103 per sq.ft in 2024, marking an overall increase of 281%.

What are the other streets in Karasangal with their guideline values?

Other streets in Karasangal include Kela Attrankarai Street, Kudiyana Street, Mela theru, Harijana Street, and Nadu Attrankarai Street, all valued at Rs 103 per sq.ft in 2024, while Little India is valued at Rs 115 per sq.ft.

What fees are associated with buying property on Keela Street?

When buying property on Keela Street, the stamp duty is 7% of the guideline value, and the registration fee is 2%. Together, these fees can add up significantly based on the property's size and value.

Where can I find the Sub Registrar Office for Keela Street?

The Sub Registrar Office for Keela Street is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.