Guideline Value for KRISHNAN GARDEN

Krishnan Garden guideline value

The current guideline value of Krishnan Garden is Rs 1,000 per sq.ft. It is located in Chemmancheri village under the Neelankarai SRO, classified as Residential Class V Type - I.

How the guideline value of Krishnan Garden has changed

In the 2012 revision, the guideline value was set at Rs 900 per sq.ft. This figure decreased to Rs 603 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase of 66% to Rs 1,000 per sq.ft in the 2023 revision. The current 2024 revision maintains this value at Rs 1,000 per sq.ft, indicating no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft, with a median of Rs 1,700 per sq.ft. Krishnan Garden's 2024 figure is below this median.

• Krishna Garden: Rs 1,000 per sq.ft (2024)
• Kumari Garden: Rs 1,700 per sq.ft (2024)
• Khajamohideen Garden: Rs 2,800 per sq.ft (2024)
• Kuthus Garden - I: Rs 3,300 per sq.ft (2024)
• Kuthus Garden II: Rs 3,300 per sq.ft (2024)
• Karthik Garden: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnan Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 Krishnan Garden?

The Sub Registrar Office covering Krishnan 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 information.

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

The guideline value is a crucial factor during property registration in Chemmancheri. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it ensures that the transaction is conducted at a legally recognized value, impacting the overall costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Krishnan Garden?

The current guideline value of Krishnan Garden is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023 and remains the same for 2024.

What is the land classification of Krishnan Garden?

Krishnan Garden is classified as Residential Class V Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for property in Krishnan Garden?

For a 1,000 sq.ft plot valued at Rs 1,000 per sq.ft, the total stamp duty and registration fees would amount to Rs 90,000.

Which Sub Registrar Office covers the registration for Krishnan Garden?

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