Guideline Value for KRISHNAN STREET

Krishnan Street guideline value

The current guideline value of Krishnan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Krishnan Street has changed

The guideline value for Krishnan Street has seen several revisions over the years. In 2003, the value was Rs 287 per sq.ft, which increased to Rs 400 per sq.ft in 2007, marking a 39% rise. The value then jumped significantly to Rs 1,000 per sq.ft in 2012, representing a 150% increase. However, it decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,000 per sq.ft in 2023, before reaching the current figure of Rs 1,100 per sq.ft in 2024, which is a 10% increase.

It is important to note that the register has no figure for Krishnan Street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 283%.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 1,320 per sq.ft, placing Krishnan Street's 2024 figure below that median.

• Kavalan Street: Rs 2,200 per sq.ft (2024)
• Katchiyappan Street: Rs 2,200 per sq.ft (2024)
• Katchabeswarar Therkku Melandai Mada Veethi: Rs 2,200 per sq.ft (2024)
• Katchabeswarar South Mada Veethi: Rs 2,200 per sq.ft (2024)
• Katchabeswarar Merkku Mada Veethi: Rs 2,200 per sq.ft (2024)
• Karukkinil Ammarnthaval Koil Street: Rs 1,650 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 1,100 per sq.ft, the total guideline value would be 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 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.

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 Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a crucial factor in property transactions in KANCHIPURAM TOWN 3rd DIVISION, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the official rates set by the government. This helps maintain transparency and accountability in the real estate market.

Frequently asked questions

What is the current guideline value of Krishnan Street?

The current guideline value of Krishnan Street 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 287 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 283% over the years.

What is the median guideline value in KANCHIPURAM TOWN 3rd DIVISION?

The median guideline value in KANCHIPURAM TOWN 3rd DIVISION is Rs 1,320 per sq.ft, which is higher than the current value of Krishnan Street.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office do I need to register property in Krishnan Street?

The property in Krishnan Street should be registered at the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.