Guideline Value for KRISHNA AVENUE EXT - I

Krishna Avenue Ext - I guideline value

The current guideline value for Krishna Avenue Ext - I is Rs 200 per sq.ft. This property is located in Morapakkam village, under the Madurandakam SRO, classified as Residential Special Type - I.

How the guideline value of Krishna Avenue Ext - I has changed

The guideline value for Krishna Avenue Ext - I has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft. This remained unchanged in the 2017 revision, where it dropped to Rs 134 per sq.ft. The 2023 revision again set the value at Rs 200 per sq.ft, and the current 2024 revision maintains this figure at Rs 200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, significant changes were observed. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been no change, as both are set at Rs 200 per sq.ft.

Guideline values in Morapakkam

In Morapakkam, there are 12 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft. The median value is Rs 200 per sq.ft, placing Krishna Avenue Ext - I at the median rate for this area.

• Krishna Avenue Extension-I: Rs 200 per sq.ft (2024)
• Krishna Nagar: Rs 200 per sq.ft (2024)
• J K Avenue: Rs 200 per sq.ft (2024)
• High Quality City: Rs 100 per sq.ft (2024)
• Roja Nagar Part -I: Rs 100 per sq.ft (2024)
• Roja Nagar Part -II: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Avenue Ext - I

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Krishna Avenue Ext - I?

The Krishna Avenue Ext - I falls under the jurisdiction of the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

You can find your SRO for more details.

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

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

When a property is registered, the guideline value is compared to the sale price, and the higher of the two 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 for Krishna Avenue Ext - I?

The current guideline value for Krishna Avenue Ext - I is Rs 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, including a drop to Rs 134 per sq.ft in 2017 and a return to Rs 200 per sq.ft in 2023 and 2024.

What are the other streets in Morapakkam with similar guideline values?

Other streets in Morapakkam, such as Krishna Nagar and J K Avenue, also have a guideline value of Rs 200 per sq.ft as of 2024.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in Krishna Avenue Ext - I?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a stamp duty of Rs 14,000.