Guideline Value for Keizpathy Street

Keizpathy Street guideline value

The current guideline value of Keizpathy Street in Ikkadu village is Rs 400 per sq.ft, effective from the 2024 revision. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of Keizpathy Street has changed

The guideline value for Keizpathy Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 50 per sq.ft, which increased significantly to Rs 400 per sq.ft in the 2012 revision. However, it then decreased to Rs 268 per sq.ft in the 2017 revision. Following this, the value rose to Rs 400 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

In summary, the changes between the revisions show a +700% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, and a +49% increase from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by +700%.

Guideline values in Ikkadu

In Ikkadu village, there are 51 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,400 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the 2024 guideline value of Keizpathy Street.

• K.K. Nagar: Rs 400 per sq.ft (2024)
• Karpagatharu Nagar-Phase-II: Rs 500 per sq.ft (2024)
• Lakshmi Nagar Annex: Rs 400 per sq.ft (2024)
• Kalyana Kuppam Street: Rs 300 per sq.ft (2024)
• Laksmi Nagar: Rs 400 per sq.ft (2024)
• Mahalakshmi Nagar- Teachers Mahalakshmi Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Keizpathy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value is Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. Please 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 Keizpathy Street?

The Sub Registrar Office that covers Keizpathy Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ikkadu. It serves as a reference for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the transaction is fairly assessed according to the established rates in the area.

Frequently asked questions

What is the current guideline value of Keizpathy Street?

The current guideline value of Keizpathy Street is Rs 400 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and returned to Rs 400 per sq.ft in both 2023 and 2024.

What is the median guideline value for streets in Ikkadu?

The median guideline value for streets in Ikkadu is Rs 400 per sq.ft, which is the same as the guideline value for Keizpathy Street.

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

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles the registration for Keizpathy Street?

The registration for Keizpathy Street is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.