Guideline Value for Keelambakkam Main Road

Keelambakkam Main Road guideline value

The current guideline value of Keelambakkam Main Road is Rs 2,000 per sq.ft. This street is located in Mambakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Keelambakkam Main Road has changed

In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 1,340 per sq.ft, reflecting a decrease of 33%. However, in the 2023 revision, the guideline value increased significantly to Rs 2,000 per sq.ft, marking a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has not changed, remaining at Rs 2,000 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Mambakkam

Currently, there are no specific village figures provided for Mambakkam. The guideline value for Keelambakkam Main Road is Rs 2,000 per sq.ft. There are no other streets in Mambakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Keelambakkam Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, while the registration fee at 2% would be Rs 40,000. Together, these fees total Rs 1,80,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Keelambakkam Main Road?

The Keelambakkam Main Road is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mambakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Keelambakkam Main Road?

The current guideline value of Keelambakkam Main Road is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 2,000 per sq.ft in 2023, marking a rise of 49% from the 2017 figure.

What are the stamp duty and registration fees for properties on Keelambakkam Main Road?

For a property valued at Rs 20,00,000, the stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000.

Which office handles the registration for Keelambakkam Main Road?

The registration for Keelambakkam Main Road is handled by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

Is there any guideline value available for the years 2002, 2003, and 2007?

No, the register has no figures for the years 2002, 2003, and 2007 for Keelambakkam Main Road. The only available revisions are from 2012, 2017, and 2023.