Guideline Value for C.N.Krishna Swami Lane

C.N.Krishna Swami Lane guideline value

The current guideline value of C.N.Krishna Swami Lane is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO. The land classification for this area is Mixed Type - II.

How the guideline value of C.N.Krishna Swami Lane has changed

The guideline value of C.N.Krishna Swami Lane has seen significant changes over the years. In the 2007 revision, the value was Rs 2,760 per sq.ft. This increased to Rs 7,000 per sq.ft in 2012, marking a 154% rise. However, in the 2017 revision, the value decreased to Rs 4,690 per sq.ft, reflecting a decline of 33%. The most recent 2024 revision set the value at Rs 7,700 per sq.ft, which is an increase of 64% from 2017.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 179%. It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street in the register.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing C.N.Krishna Swami Lane's 2024 figure above that median.

• C.N.Krishna Swami Road: Rs 8,800 per sq.ft (2024)
• Club House Road: Rs 14,300 per sq.ft (2024)
• Dawood Street: Rs 6,600 per sq.ft (2024)
• Chinnathambi Street: Rs 6,600 per sq.ft (2024)
• Chinnappa Rawther Street: Rs 6,600 per sq.ft (2024)
• Dera Venkatasamy Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in C.N.Krishna Swami Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total charges to Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers C.N.Krishna Swami Lane?

The Sub Registrar Office that covers C.N.Krishna Swami Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all transactions are recorded at a value that reflects the current market conditions as per the guidelines set by the Registration Department.

Frequently asked questions

What is the current guideline value of C.N.Krishna Swami Lane?

The current guideline value of C.N.Krishna Swami Lane is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,760 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, marking an overall increase of 179% over these years.

What are the other streets in Triplicane and their guideline values?

Other streets in Triplicane include C.N.Krishna Swami Road at Rs 8,800 per sq.ft, Club House Road at Rs 14,300 per sq.ft, and several others at Rs 6,600 per sq.ft.

What is the stamp duty rate for property in C.N.Krishna Swami Lane?

The stamp duty rate for property in C.N.Krishna Swami Lane is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for C.N.Krishna Swami Lane?

The Triplicane Sub Registrar Office handles property registrations for C.N.Krishna Swami Lane, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.