Guideline Value for KRISHNA KUMAR GARDEN

Krishna Kumar Garden guideline value

The current guideline value of Krishna Kumar Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Uthandi village and falls under the Neelankarai SRO. The land classification for this property is Residential Class III Type - I.

How the guideline value of Krishna Kumar Garden has changed

Looking at the revisions, the guideline value for Krishna Kumar Garden has seen several changes over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and currently, it stands at Rs 1,100 per sq.ft as of the 2024 revision. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, comparing the values from 2012 to 2024, there has been a 10% increase, indicating fluctuations in the guideline value over the years.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. Krishna Kumar Garden's current guideline value is below this median.

• Krishna Garden: Rs 1,100 per sq.ft (2024)
• Krishnan Garden: Rs 1,100 per sq.ft (2024)
• K.K.R.Salai: Rs 3,300 per sq.ft (2024)
• K.K.R.Farm Road: Rs 3,300 per sq.ft (2024)
• Kulakarai Street: Rs 1,700 per sq.ft (2024)
• Kul Mohar Beach Farm: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Kumar Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishna Kumar Garden?

The Sub Registrar Office that covers Krishna Kumar Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when it comes to property transactions in Uthandi. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value as it affects the overall costs involved in the transaction. It is essential to consult the latest guideline values to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Krishna Kumar Garden?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Krishna Kumar Garden?

The land classification for Krishna Kumar Garden is Residential Class III Type - I.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for property in Krishna Kumar Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 77,000.