Guideline Value for KRISHNA AVENUE EXTENSION-I

Krishna Avenue Extension-I guideline value

The current guideline value of Krishna Avenue Extension-I is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Morapakkam village under the Madurandakam Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

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

The guideline value for Krishna Avenue Extension-I has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 134 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 200 per sq.ft in the 2023 revision, maintaining this figure in the 2024 revision, resulting in a total increase of 49% from 2017 to 2023. Notably, the overall guideline value from 2012 to 2024 has remained constant at Rs 200 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Thus, the most recent values reflect the 2012, 2017, 2023, and 2024 revisions only.

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, with the median being Rs 200 per sq.ft. Krishna Avenue Extension-I's 2024 figure aligns with this median.

• Krishna Avenue Ext - 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 Extension-I

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, while the registration fee at 2% would be Rs 4,000. Together, these fees total 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 Extension-I?

The Krishna Avenue Extension-I falls under 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 property transactions in Morapakkam, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value helps establish a baseline for negotiations and ensures that all transactions are conducted fairly and transparently. Buyers and sellers should be aware of the current guideline value to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Krishna Avenue Extension-I?

The current guideline value of Krishna Avenue Extension-I is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, dropped to Rs 134 per sq.ft in 2017, and then returned to Rs 200 per sq.ft in both 2023 and 2024.

What is the registration office for Krishna Avenue Extension-I?

The registration office for Krishna Avenue Extension-I is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000.

What land classification does Krishna Avenue Extension-I fall under?

Krishna Avenue Extension-I is classified as Residential Special Type - I, which is relevant for determining its guideline value and usage.