Guideline Value for Keevalore Road

Keevalore Road guideline value

The current guideline value of Keevalore Road is Rs 505 per sq.ft, effective from 1 July 2024. This road is located in Thandalam village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Keevalore Road has changed

The guideline value for Keevalore Road has seen several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft, marking a decline of 33%. The value increased significantly in the following revisions, with the 2023 figure at Rs 500 per sq.ft and the latest 2024 revision showing a slight increase to Rs 505 per sq.ft, a change of 1%.

From 2017 to 2023, the value rose dramatically by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by just 1%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value is Rs 400 per sq.ft, placing Keevalore Road above this median with its current rate of Rs 505 per sq.ft.

• Kulakkarai Street: Rs 300 per sq.ft (2024)
• Main Road: Rs 700 per sq.ft (2024)
• Iyra Anandham: Rs 1,750 per sq.ft (2024)
• Mariyamman Koil Street: Rs 505 per sq.ft (2024)
• High School Street: Rs 400 per sq.ft (2024)
• Globus Sakthi Enclave: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Keevalore Road

For a 1,000 sq.ft plot at the current guideline value of Rs 505 per sq.ft, the total guideline value would be Rs 5,05,000. The stamp duty, charged at 7%, would amount to Rs 35,350, while the registration fee at 2% would be Rs 10,100. Together, the total cost for stamp duty and registration fee would be Rs 45,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Keevalore Road?

The Keevalore Road falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with registration requirements. The fees are calculated based on the higher of the guideline value or the sale price, ensuring that the transaction is appropriately documented.

Frequently asked questions

What is the current guideline value of Keevalore Road?

The current guideline value of Keevalore Road is Rs 505 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 505 per sq.ft in 2024.

What is the land classification for Keevalore Road?

Keevalore Road is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Keevalore Road?

The Sub Registrar Office covering Keevalore Road is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Keevalore Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,05,000, the stamp duty at 7% would be Rs 35,350.