Guideline Value for KARIKRISHNA BHATACHARYA ST

Karikrishna Bhatacharya St guideline value

The current guideline value of Karikrishna Bhatacharya St is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri_2 village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Karikrishna Bhatacharya St has changed

The guideline value for Karikrishna Bhatacharya St has undergone several revisions. The register shows no figures for this street in the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 500 per sq.ft, which increased to Rs 700 per sq.ft in the 2024 revision, marking a change of +40%.

The 2024 revision reflects the current market conditions, bringing the guideline value in line with other streets in the area. This adjustment is part of the ongoing updates to the guideline values as determined by the Registration Department.

Guideline values in Ponneri_2

Ponneri_2 village has 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft, with a median of Rs 700 per sq.ft. The guideline value for Karikrishna Bhatacharya St is equal to this median.

• Karhtick Nagar: Rs 700 per sq.ft (2024)
• Kannaiah Nagar: Rs 700 per sq.ft (2024)
• Kamarajar Street: Rs 700 per sq.ft (2024)
• Kamakotty Nagar: Rs 700 per sq.ft (2024)
• Kallukadai Medu: Rs 700 per sq.ft (2024)
• Krishnaswami Mudali Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Karikrishna Bhatacharya St

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karikrishna Bhatacharya St?

The Sub Registrar Office that covers Karikrishna Bhatacharya St is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value plays a crucial role during the registration process of property transactions in Ponneri_2. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Karikrishna Bhatacharya St?

The current guideline value of Karikrishna Bhatacharya St is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Karikrishna Bhatacharya St was Rs 500 per sq.ft in 2023 and increased to Rs 700 per sq.ft in 2024, reflecting a 40% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Karikrishna Bhatacharya St?

Karikrishna Bhatacharya St is classified as Residential Class II Type - I, indicating its suitability for residential development within the area.

What are the stamp duty and registration fees for properties here?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 700 per sq.ft would incur a total cost of Rs 63,000 in fees.

Where is the Sub Registrar Office for this area located?

The Sub Registrar Office covering Karikrishna Bhatacharya St is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles all property registrations in the area.