Guideline Value for KRISH CITY

Krish City guideline value

The current guideline value of Krish City, located in Pammathukulam village under the Redhills SRO, is Rs 660 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Krish City has changed

The guideline value for Krish City has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and currently stands at Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The overall change from 2012 to 2024 reflects a 10% increase.

In summary, the guideline value increased by 49% from 2017 to 2023, and there were no figures available for the years 2002, 2003, and 2007 for this street. The changes in value highlight the fluctuations that have occurred over the years.

Guideline values in Pammathukulam

Pammathukulam village has 101 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 825 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value for Krish City is above this median.

• Krish City Phase - II: Rs 660 per sq.ft (2024)
• Koteeswaran Nagar: Rs 440 per sq.ft (2024)
• KUMARAN CITY Extn: Rs 660 per sq.ft (2024)
• Kumaran Nagr Part - II: Rs 550 per sq.ft (2024)
• Lake View Club: Rs 330 per sq.ft (2024)
• Lakeview Club Phase-II: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Krish City

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% is Rs 46,200, and the registration fee at 2% is Rs 13,200, resulting in a total fee of Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krish City?

The Sub Registrar Office that covers Krish City is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Pammathukulam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Krish City?

The current guideline value of Krish City is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and is currently Rs 660 per sq.ft in 2024.

What is the stamp duty for property in Krish City?

The stamp duty for property in Krish City is 7% of the guideline value or sale price, whichever is higher. For example, for a plot valued at Rs 6,60,000, the stamp duty would be Rs 46,200.

Where is the Sub Registrar Office for Krish City located?

The Sub Registrar Office for Krish City is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the range of guideline values in Pammathukulam?

The guideline values in Pammathukulam range from Rs 330 to Rs 825 per sq.ft, with a median value of Rs 550 per sq.ft. Krish City is above this median value.