Guideline Value for Keelambakkam Road

Keelambakkam Road guideline value

The current guideline value of Keelambakkam Road is Rs 1,500 per sq.ft, as per the 2023 revision. This road is located in Kizhakottyur village and falls under the Gooduvancheri SRO, classified as Commercial Class I Type - I.

How the guideline value of Keelambakkam Road has changed

Over the years, the guideline value of Keelambakkam Road has seen several revisions. The earliest recorded value was in 2012, where it was set at Rs 1,500 per sq.ft. This value remained unchanged until the next revision in 2017, where it dropped to Rs 1,005 per sq.ft. This represented a decrease of 33%. However, in the 2023 revision, the guideline value increased significantly to Rs 1,500 per sq.ft, marking a rise of 49% from the 2017 figure.

From 2012 to 2023, the overall change in the guideline value is 0%, indicating that the value returned to its original figure from 2012 after the fluctuations in between. 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 Kizhakottyur

Currently, there are no specific guideline values provided for other streets in Kizhakottyur. The guideline value for Keelambakkam Road stands out as the only figure available under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Keelambakkam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty, charged at 7%, would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, the total cost for stamp duty and registration fee would amount to Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Keelambakkam Road?

The Sub Registrar Office that covers Keelambakkam Road is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Kizhakottyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the sale or purchase of property.

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 appropriate revenue from property transactions, reflecting the market conditions and property values.

Frequently asked questions

What is the current guideline value of Keelambakkam Road?

The current guideline value of Keelambakkam Road is Rs 1,500 per sq.ft, as per the 2023 revision.

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 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023. This reflects a decrease of 33% from 2012 to 2017 and an increase of 49% from 2017 to 2023.

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

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Keelambakkam Road?

The Gooduvancheri Sub Registrar Office is responsible for handling registrations for Keelambakkam Road. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.

Are there other streets in Kizhakottyur with guideline values?

Currently, there are no other streets in Kizhakottyur listed with specific guideline values under the Gooduvancheri SRO. Keelambakkam Road is the only street with an available guideline value at this time.