Guideline Value for KRISHNAN GARDEN

Krishnan Garden guideline value

The current guideline value of Krishnan 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 street is Residential Class III Type - I.

How the guideline value of Krishnan Garden has changed

The guideline value for Krishnan Garden has seen several revisions over the years. In 2012, the guideline value was Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, which reduced it to Rs 670 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it to Rs 1,000 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, a rise of 10% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Krishnan Garden. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Uthandi

In Uthandi, there are a total of 197 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, placing Krishnan Garden's 2024 value below this median.

• Krishna Kumar Garden: Rs 1,100 per sq.ft (2024)
• Krishna Garden: Rs 1,100 per sq.ft (2024)
• Kulakarai Street: Rs 1,700 per sq.ft (2024)
• Kul Mohar Beach Farm: Rs 4,400 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)

Stamp duty and registration fee for property in Krishnan 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 charges to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishnan Garden?

The Sub Registrar Office that covers 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 details.

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

The guideline value is a crucial factor when registering property transactions in Uthandi. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer decides to purchase a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in the calculation of taxes and duties. This value must be considered during the registration process to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Krishnan Garden?

The current guideline value of Krishnan 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 back 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 Krishnan Garden?

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

Which Sub Registrar Office covers Uthandi?

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

How is stamp duty calculated for properties in Krishnan Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total charges would include the guideline value, stamp duty, and registration fees.