Guideline Value for ABI KRISHNA AVENUE

Abi Krishna Avenue guideline value

The current guideline value of Abi Krishna Avenue is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Abi Krishna Avenue has changed

The guideline value for Abi Krishna Avenue has seen several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 900 per sq.ft. In 2017, it decreased to Rs 603 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 has set the guideline value at Rs 990 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, which means the guideline value of Abi Krishna Avenue is below this median.

• Abi Rail Nagar(Kr): Rs 990 per sq.ft (2024)
• Abi Santhosh Nagar Part-II: Rs 440 per sq.ft (2024)
• Abi Shanthosh Nagar: Rs 440 per sq.ft (2024)
• Adithiya Garden: Rs 1,320 per sq.ft (2024)
• Agathiar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Agayathiyar Street (N): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Abi Krishna Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Abi Krishna Avenue?

The Sub Registrar Office that covers Abi Krishna Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, as it reflects the government’s assessment of property values in the area. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Abi Krishna Avenue?

The current guideline value of Abi Krishna Avenue is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Abi Krishna Avenue?

Abi Krishna Avenue is classified as Residential Class I Type - II.

What are the other streets in Kattankollatur with their guideline values?

Other streets in Kattankollatur include Abi Rail Nagar(Kr) at Rs 990 per sq.ft, Abi Santhosh Nagar Part-II and Abi Shanthosh Nagar at Rs 440 per sq.ft, and Adithiya Garden and Agathiar Street (Ward -7) at Rs 1,320 per sq.ft, among others.

How is stamp duty calculated for properties in Abi Krishna Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300.