Guideline Value for KRISHNAN STREET

Krishnan Street guideline value

The current guideline value of Krishnan Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village under the Thiyagaraya nagar SRO, classified as Residential Class II Type - II.

How the guideline value of Krishnan Street has changed

The guideline value of Krishnan Street has seen several revisions over the years. The 2012 revision set the value at Rs 7,000 per sq.ft, which then decreased to Rs 4,690 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 7,000 per sq.ft in 2023, and further rose to Rs 7,700 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The 2023 revision marked a 49% increase from the 2017 revision, while the change from 2012 to 2017 was a decrease of 33%. There are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with 2024 guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value for these streets is Rs 11,000 per sq.ft, placing Krishnan Street's 2024 figure below that median.

• Krishna Street: Rs 14,300 per sq.ft (2024)
• Krishnaswamy Road: Rs 11,000 per sq.ft (2024)
• Krishnamachari Street: Rs 7,700 per sq.ft (2024)
• Krishnaiah Street (Krishna Nair Street): Rs 13,200 per sq.ft (2024)
• Krishnabai Street: Rs 11,000 per sq.ft (2024)
• Kolamani Amman Koil Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, while the registration fee at 2% would be Rs 1,54,000, bringing the total fees together to Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Krishnan Street?

The Sub Registrar Office that covers Krishnan Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tnagar. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is important for buyers to be aware of the guideline value to avoid overpaying during the registration process.

Frequently asked questions

What is the current guideline value of Krishnan Street?

The current guideline value of Krishnan Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,000 per sq.ft in 2012 to Rs 4,690 per sq.ft in 2017, then to Rs 7,000 per sq.ft in 2023, and finally to Rs 7,700 per sq.ft in 2024.

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

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which office handles registrations for Krishnan Street?

The Thiyagaraya nagar Sub Registrar Office handles registrations for Krishnan Street, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

What is the range of guideline values in Tnagar?

In Tnagar, the guideline values range from Rs 4,400 to Rs 27,500 per sq.ft, with a median value of Rs 11,000 per sq.ft.