Guideline Value for Kilambakkam Road

Kilambakkam Road guideline value

The current guideline value of Kilambakkam Road is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Kilambakkam village under the Gooduvancheri SRO, with a land classification of Residential Special Type - II.

How the guideline value of Kilambakkam Road has changed

The guideline value for Kilambakkam Road has undergone several revisions over the years. In 2007, the value was set at Rs 1,000 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2012 revision. However, this value saw a decline to Rs 1,005 per sq.ft in 2017. The latest revision in 2023 brought the value back up to Rs 1,500 per sq.ft, marking a significant increase of 49% from the previous revision.

Overall, from 2007 to 2023, the guideline value has increased by 50%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Kilambakkam

No specific village figures are provided for Kilambakkam. Currently, the guideline value for Kilambakkam Road stands at Rs 1,500 per sq.ft. There are no other streets in Kilambakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Kilambakkam Road

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Thus, the total cost would be Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kilambakkam Road?

The Sub Registrar Office that covers Kilambakkam 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 details.

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

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

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the correct amount based on the property's value.

Frequently asked questions

What is the current guideline value of Kilambakkam Road?

The current guideline value of Kilambakkam 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 several times, with the most recent revision in 2023 setting it at Rs 1,500 per sq.ft. This represents a 49% increase from Rs 1,005 per sq.ft in 2017.

What was the guideline value in 2012?

In 2012, the guideline value for Kilambakkam Road was Rs 1,500 per sq.ft, the same as the current value in 2023.

Is there a guideline value for Kilambakkam Road in 2024?

The register has no figure for Kilambakkam Road in 2024, as it has not been published yet.

Where is the Gooduvancheri Sub Registrar Office located?

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