Guideline Value for KRISHNA CITY

Krishna City guideline value

The current guideline value of Krishna City is Rs 120 per sq.ft, effective from 1 July 2024. This property is located in Mampallam village, under the Arani_Tiruvallur SRO, classified as Residential Class IV Type - I.

How the guideline value of Krishna City has changed

The guideline value for Krishna City has seen several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 80 per sq.ft. This increased by 50% to Rs 120 per sq.ft in the 2023 revision, and it remained the same in the 2024 revision, showing no percentage change from 2023 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The consistent figure of Rs 120 per sq.ft from 2023 to 2024 indicates stability in the guideline value for this period.

Guideline values in Mampallam

In Mampallam, there are three streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value of Rs 120 per sq.ft, with this street's figure aligning with the median value of Rs 120 per sq.ft. The other streets in Mampallam include:

• Kumaran Sri City: Rs 120 per sq.ft (2024)
• Royal City: Rs 120 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna City

For a 1,000 sq.ft plot at the current guideline value of Rs 120 per sq.ft, the total guideline value amounts to Rs 1,20,000. The stamp duty at 7% would be Rs 8,400, and the registration fee at 2% would be Rs 2,400, bringing the total fees together to Rs 10,800. 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 Krishna City?

The Krishna City area is covered by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for buying or selling property in Mampallam. 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 authorities will assess the guideline value to ensure that the appropriate fees are collected. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Krishna City?

The current guideline value of Krishna City is Rs 120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 80 per sq.ft in 2017 to Rs 120 per sq.ft in 2023 and remains the same in 2024. This represents a 50% increase overall from 2017 to 2024.

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

Other streets in Mampallam under the Arani_Tiruvallur SRO also carry a guideline value of Rs 120 per sq.ft, including Kumaran Sri City and Royal City.

What are the fees associated with property registration in Krishna City?

The fees for property registration include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

The Sub Registrar Office covering Krishna City is located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101. You can find more information by visiting the relevant link.