Guideline Value for Keelmanagar

Keelmanagar guideline value

The current guideline value of Keelmanagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Poonthamallee village, under the jurisdiction of the Poonamallee SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Keelmanagar has changed

The guideline value for Keelmanagar has experienced several revisions over the years. Starting from the 2007 revision, the value was Rs 500 per sq.ft, which then saw a significant increase to Rs 2,000 per sq.ft in the 2012 revision, marking a rise of 300%. The 2017 revision set the value at Rs 1,340 per sq.ft, reflecting a decrease of 33%. Following this, the 2023 revision raised the value to Rs 2,000 per sq.ft, and the most recent 2024 revision has established the current value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. The changes between each revision highlight the fluctuations in property values over the years, with notable increases in the more recent revisions.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Keelmanagar's 2024 figure at the median value.

• Kaveri nagar: Rs 2,200 per sq.ft (2024)
• Kavarai street: Rs 2,200 per sq.ft (2024)
• Korre medu: Rs 2,200 per sq.ft (2024)
• Karunagaran nagar: Rs 2,200 per sq.ft (2024)
• Kothandarasamy street: Rs 3,250 per sq.ft (2024)
• Karaiyanchavadi vaaniyar street (east): Rs 3,250 per sq.ft (2024)

Stamp duty and registration fee for property in Keelmanagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, together totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Keelmanagar?

The Sub Registrar Office that covers Keelmanagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for further assistance.

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

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

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the fees are based on a standardized value rather than the negotiated sale price. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Keelmanagar?

The current guideline value of Keelmanagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations in Keelmanagar?

The Poonamallee Sub Registrar Office handles property registrations in Keelmanagar, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

What is the land classification for Keelmanagar?

The land classification for Keelmanagar is Residential Class II Type - I, indicating its designation for residential use.