Guideline Value for KRISHNA PILLAI STREET

Krishna Pillai Street guideline value

The current guideline value of Krishna Pillai Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Krishna Pillai Street has changed

The guideline value for Krishna Pillai Street has seen several revisions over the years. In 2002, the value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 600 per sq.ft, a significant increase of 30%. The 2012 revision maintained the value at Rs 4,000 per sq.ft, which remained unchanged until 2023. In 2023, the value was again Rs 4,000 per sq.ft, but in 2024, it rose to Rs 4,300 per sq.ft, reflecting an 8% increase.

Notably, there was no figure recorded for Krishna Pillai Street in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by 924%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO, with 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, placing Krishna Pillai Street's 2024 value above this median.

• Krishnan Koil Street: Rs 3,200 per sq.ft (2024)
• Krishnadoss Main Road: Rs 4,900 per sq.ft (2024)
• Krishnadoss 5th Street: Rs 4,300 per sq.ft (2024)
• Krishnadoss 5th Lane: Rs 3,800 per sq.ft (2024)
• Krishnadoss 4th Street: Rs 4,300 per sq.ft (2024)
• Krishnadoss 4th Lane: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Pillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, making the total Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishna Pillai Street?

The Sub Registrar Office that covers Krishna Pillai Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is crucial to consider this value, as it affects the financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Krishna Pillai Street?

The current guideline value of Krishna Pillai Street is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 420 per sq.ft in 2002 to Rs 4,300 per sq.ft in 2024, reflecting a total increase of 924% over the years.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, with Krishna Pillai Street's 2024 value being above this median.

Where can I find the Sub Registrar Office for Krishna Pillai Street?

The Sub Registrar Office for Krishna Pillai Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Krishna Pillai Street?

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 guideline value, the total stamp duty would be Rs 3,01,000.