Guideline Value for C.N.Krishna Swami Road

C.N.Krishna Swami Road guideline value

The current guideline value of C.N.Krishna Swami Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This road is located in Triplicane village, under the Triplicane SRO, with a land classification of Mixed Type - I.

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

Over the years, the guideline value for C.N.Krishna Swami Road has seen significant changes. In the 2007 revision, the guideline value was set at Rs 2,760 per sq.ft, which increased to Rs 8,000 per sq.ft in the 2012 revision. However, there was a decrease in the 2017 revision, bringing the value down to Rs 5,360 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 8,800 per sq.ft, marking a 64% increase from the 2017 figure.

From the 2007 revision to the 2024 revision, the overall increase in guideline value is 219%. The register does not have figures for the years 2023, 2003, and 2002 for this street.

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 Road's 2024 figure above this median.

• C.N.Krishna Swami Lane: Rs 7,700 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 Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty, charged at 7%, would be Rs 6,16,000, while the registration fee at 2% would be Rs 1,76,000. Together, the total cost for these fees would be Rs 7,92,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

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

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

The guideline value is a crucial factor during the registration of property transactions in Triplicane. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are aligned with the current market standards set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and fairness in property transactions, safeguarding the interests of both buyers and sellers.

Frequently asked questions

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

The current guideline value of C.N.Krishna Swami Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 2,760 per sq.ft to Rs 8,800 per sq.ft in 2024, marking an overall increase of 219% over the years.

What are the stamp duty and registration fees for properties on C.N.Krishna Swami Road?

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

Which Sub Registrar Office is responsible for C.N.Krishna Swami Road?

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

What is the land classification for C.N.Krishna Swami Road?

C.N.Krishna Swami Road is classified as Mixed Type - I, which indicates the type of land use permitted in this area.