Guideline Value for KRISHNA AVENUE

Krishna Avenue guideline value

The current guideline value of Krishna Avenue in Akkarapakkam village, under the Arani_Tiruvallur SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class V Type - I.

How the guideline value of Krishna Avenue has changed

The guideline value for Krishna Avenue has seen several revisions over the years. In the 2017 revision, it was set at Rs 54 per sq.ft. This value remained unchanged until the 2023 revision, which also listed it at Rs 100 per sq.ft. The current 2024 revision maintains the same rate of Rs 100 per sq.ft, indicating no change from the previous year.

From the 2017 revision to the 2023 revision, there was an increase of 85%. Overall, from the 2017 revision to the 2024 revision, the increase is also 85%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Akkarapakkam

Currently, there are no specific village figures available for Akkarapakkam. Krishna Avenue is the only street mentioned in the context of guideline values in this area. Therefore, there are no other streets in Akkarapakkam listed under the Arani_Tiruvallur SRO.

Stamp duty and registration fee for property in Krishna Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000. Together, the total cost for stamp duty and registration fees would be Rs 9,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Krishna Avenue?

The Sub Registrar Office that covers Krishna Avenue is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Akkarapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers must ensure that the property is registered at the guideline value or the sale price, whichever is higher.

During the registration process, the guideline value is used to calculate the applicable fees, which are mandatory for all property transactions. This ensures that the government receives the appropriate revenue from property sales, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Krishna Avenue?

The current guideline value of Krishna Avenue is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Krishna Avenue was Rs 54 per sq.ft in 2017 and increased to Rs 100 per sq.ft in both the 2023 and 2024 revisions, marking an overall increase of 85% from 2017 to 2024.

What is the land classification for Krishna Avenue?

Krishna Avenue is classified as Residential Class V Type - I, indicating its designation for residential use in the area.

Where is the Sub Registrar Office for Krishna Avenue located?

The Arani_Tiruvallur Sub Registrar Office is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

What are the stamp duty and registration fees for property in Krishna Avenue?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.