Guideline Value for KRISHNAMURTHY ST

Krishnamurthy St guideline value

The current guideline value of Krishnamurthy St is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village under the Avadi SRO, classified as Residential Class II Type - II.

How the guideline value of Krishnamurthy St has changed

Over the years, the guideline value of Krishnamurthy St has seen several revisions. The register shows no figures for the years 2002, 2003, and 2007. In the 2012 revision, the value was Rs 850 per sq.ft, which later decreased to Rs 569 per sq.ft in the 2017 revision, marking a decrease of 33%. By the 2023 revision, the value increased to Rs 850 per sq.ft, and in the most recent 2024 revision, it rose to Rs 935 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 850 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%, with the current rate aligning with the median value of Rs 935 per sq.ft for the village.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for the village is Rs 935 per sq.ft, which is the same as the current guideline value for Krishnamurthy St.

• Krishnamenan St: Rs 935 per sq.ft (2024)
• Kumaran St: Rs 935 per sq.ft (2024)
• Kumaran Street & Nagar: Rs 1,310 per sq.ft (2024)
• Kennadyst: Rs 810 per sq.ft (2024)
• Kurinji St: Rs 935 per sq.ft (2024)
• Kavarapalayam Streets: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnamurthy St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, making the total charges Rs 84,150. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishnamurthy St?

The Sub Registrar Office that covers Krishnamurthy St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers should be aware that the guideline value can influence the total cost of registration, including stamp duty and registration fees.

When a property is sold, the guideline value is used to calculate the applicable duties and fees. It is essential for both buyers and sellers to understand this value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Krishnamurthy St?

The current guideline value of Krishnamurthy St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then back to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the median guideline value in Vilingiyambakkam?

The median guideline value in Vilingiyambakkam is Rs 935 per sq.ft, which is also the current value for Krishnamurthy St.

What are the stamp duty and registration fees for properties in Krishnamurthy St?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 9,35,000, the total charges would be Rs 84,150.

Which office handles the registration for Krishnamurthy St?

The Avadi Sub Registrar Office handles the registration for Krishnamurthy St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.