Guideline Value for KRISHNAN KOIL ST

Krishnan Koil St guideline value

The current guideline value of Krishnan Koil St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Krishnan Koil St has changed

The guideline value for Krishnan Koil St has undergone several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the guideline value to Rs 750 per sq.ft, marking a 7% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 60%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The significant change from 2017 to 2023 was a 49% increase, reflecting the evolving value of properties in this area.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is equal to the current guideline value of Krishnan Koil St.

• Krishnapuram 1st Cross St: Rs 1,210 per sq.ft (2024)
• Krishnapuram 1st Main St: Rs 1,210 per sq.ft (2024)
• Krishnapuram 2nd Cross St: Rs 1,210 per sq.ft (2024)
• Krishnapuram 2nd Main St: Rs 1,210 per sq.ft (2024)
• Krishnapuram 3rd Cross St: Rs 1,210 per sq.ft (2024)
• Krishnapuram 3rd Main St: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnan Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total charges to Rs 67,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishnan Koil St?

The Sub Registrar Office that covers Krishnan Koil 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 details.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor during the registration of property transactions in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the applicable duties and fees, ensuring that the transaction is compliant with the regulations set forth by the Registration Department. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Krishnan Koil St?

The current guideline value of Krishnan Koil St is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, marking an overall increase of 60% over this period.

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

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which office handles property registrations for Krishnan Koil St?

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

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the transaction adheres to the regulations set by the Registration Department, maintaining transparency.