Guideline Value for KRIBITH 4TH CROSS Street

KRIBITH 4TH CROSS Street guideline value

The current guideline value of KRIBITH 4TH CROSS Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Issa Pallavaram village, under the Pallavaram SRO, classified as Residential Class I Type - II.

How the guideline value of KRIBITH 4TH CROSS Street has changed

Over the years, the guideline value of KRIBITH 4TH CROSS Street has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 2,010 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 3,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,300 per sq.ft in the 2024 revision, representing a 10% rise from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current value of KRIBITH 4TH CROSS Street.

• Kribith Street: Rs 3,300 per sq.ft (2024)
• Kribith Street 1st Street: Rs 3,300 per sq.ft (2024)
• Kribith Street 2nd Street: Rs 3,300 per sq.ft (2024)
• Kribith Street 3rd Street: Rs 3,300 per sq.ft (2024)
• Kribith Street 4th Street: Rs 3,300 per sq.ft (2024)
• Kribith Street 5th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in KRIBITH 4TH CROSS Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KRIBITH 4TH CROSS Street?

The KRIBITH 4TH CROSS Street falls under the jurisdiction of the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Issa Pallavaram, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than the negotiated sale price.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of property transactions. Understanding the guideline value helps in planning the financial aspects of buying or selling real estate in the area.

Frequently asked questions

What is the current guideline value of KRIBITH 4TH CROSS Street?

The current guideline value of KRIBITH 4TH CROSS Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of KRIBITH 4TH CROSS Street?

KRIBITH 4TH CROSS Street is classified as Residential Class I Type - II.

Where can I find the registration office for KRIBITH 4TH CROSS Street?

The registration office for KRIBITH 4TH CROSS Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in KRIBITH 4TH CROSS Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,31,000.