Guideline Value for Railway Station Road

Railway Station Road guideline value

The current guideline value of Railway Station Road in Kilambakkam village is Rs 2,000 per sq.ft, as per the 2023 revision. This road falls under the Gooduvancheri Sub Registrar Office (SRO) and is classified as Mixed Special Type - I land.

How the guideline value of Railway Station Road has changed

The guideline value for Railway Station Road has seen several revisions over the years. In the 2007 revision, the value was set at Rs 450 per sq.ft. This significantly increased to Rs 2,000 per sq.ft in the 2012 revision, marking a remarkable rise of 344%. However, in the 2017 revision, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The most recent revision in 2023 restored the guideline value to Rs 2,000 per sq.ft, reflecting an increase of 49% from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 344%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures available for Kilambakkam. The Railway Station Road guideline value is Rs 2,000 per sq.ft, and there are no other streets in Kilambakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Railway Station Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total cost to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Railway Station Road?

The Railway Station Road is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kilambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value helps in assessing the legal and financial obligations associated with the property. It ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value for Railway Station Road?

The current guideline value for Railway Station Road in Kilambakkam is Rs 2,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 450 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then dropping to Rs 1,340 per sq.ft in 2017, and returning to Rs 2,000 per sq.ft in 2023.

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

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000, and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

Which office handles the registration for Railway Station Road?

The Gooduvancheri Sub Registrar Office handles the registration for Railway Station Road, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Kilambakkam with guideline values?

Currently, there are no other streets in Kilambakkam listed under the Gooduvancheri SRO with guideline values provided.