Guideline Value for KRISHNA SHA 4TH STREET

Krishna Sha 4th Street guideline value

The current guideline value of Krishna Sha 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - III.

How the guideline value of Krishna Sha 4th Street has changed

Over the years, the guideline value of Krishna Sha 4th Street has seen significant changes. In 2002, the guideline value was Rs 833 per sq.ft. This increased to Rs 926 per sq.ft in 2003, marking an 11% rise. The value then rose to Rs 1,000 per sq.ft in 2007, which was an 8% increase. Following that, the guideline value experienced a substantial jump to Rs 3,000 per sq.ft in 2012, reflecting a 200% increase. However, it dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, which was a 49% increase, and finally reached Rs 3,300 per sq.ft in 2024, representing a 10% increase.

There are no figures available for the revisions in years not mentioned in the register.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. Krishna Sha 4th Street's 2024 guideline value is below this median.

• Krishna Sha 2nd Street: Rs 3,300 per sq.ft (2024)
• Krishna Sha 5th Street: Rs 3,300 per sq.ft (2024)
• Krishna Sha 1st Street: Rs 3,300 per sq.ft (2024)
• Krishna Sha 6th Street: Rs 3,300 per sq.ft (2024)
• Krishnasamy Street: Rs 8,800 per sq.ft (2024)
• Krishnarajapuram: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Sha 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishna Sha 4th Street?

The Krishna Sha 4th Street falls under the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

When buying or selling property in Mylapore, the guideline value is a crucial factor in determining the registration fees and stamp duty. The guideline value serves as a benchmark for the minimum value at which a property can be registered, ensuring transparency in property transactions.

It is important to note that the stamp duty and registration fees are calculated based on the higher of the guideline value and the sale price. Buyers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Krishna Sha 4th Street?

The current guideline value of Krishna Sha 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 833 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 296%.

What is the land classification for Krishna Sha 4th Street?

Krishna Sha 4th Street is classified as Residential Class V Type - III.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Krishna Sha 4th Street?

The Mylapore Sub Registrar Office handles the registration for Krishna Sha 4th Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.