Guideline Value for Keelambakkam Road

Keelambakkam Road guideline value

The current guideline value of Keelambakkam Road is Rs 1,500 per sq.ft. This road is located in Melakottyur village and falls under the Gooduvancheri SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Keelambakkam Road has changed

Over the years, the guideline value for Keelambakkam Road has seen several revisions. The 2012 revision set the guideline value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. However, the most recent 2023 revision increased the value back to Rs 1,500 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007, as well as for 2024.

From the 2017 revision to the 2023 revision, there was an increase of 49%. In contrast, the change from the 2012 to the 2017 revision saw a decrease of 33%. Overall, comparing the 2012 and 2023 revisions, the guideline value has remained the same, reflecting a 0% change.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. The guideline value for Keelambakkam Road is Rs 1,500 per sq.ft. There are no other streets in Melakottyur under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Keelambakkam Road

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total 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 more details, 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, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Melakottyur. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when acquiring property.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 fluctuated over the years, with the 2012 revision at Rs 1,500 per sq.ft, dropping to Rs 1,005 per sq.ft in 2017, and then returning to Rs 1,500 per sq.ft in 2023.

What is the land classification for Keelambakkam Road?

The land classification for Keelambakkam Road is Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property in Keelambakkam Road?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 1,35,000 in fees.

Where is the Sub Registrar Office for Keelambakkam Road located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.