Guideline Value

Corporate

Guideline Value for KRISHNAPPAN GARDEN

₹1700/sq.ft.

The guideline value for Krishnappan Garden in Karapakkam village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karapakkam

Village

Neelankarai

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Krishnappan Garden

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Krishnappan Garden guideline value

The current guideline value of Krishnappan Garden is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Karapakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - III.

How the guideline value of Krishnappan Garden has changed

The guideline value for Krishnappan Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then revised to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and finally to the current rate of Rs 1,700 per sq.ft in 2024. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The most recent change from 2023 to 2024 shows an increase of 13%. Overall, the guideline value has increased by 13% from 2012 to 2024.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, which is equal to the guideline value of Krishnappan Garden.

Stamp duty and registration fee for property in Krishnappan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000. Therefore, the total cost for stamp duty and registration fees would be Rs 1,53,000. 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 Krishnappan Garden?

The Krishnappan Garden area falls under 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 Karapakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Karapakkam. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. The guideline value is assessed based on the prevailing rates in the area and is subject to periodic revisions.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This ensures transparency and compliance with local regulations, as the guideline value is a benchmark for property transactions in the region.

Frequently asked questions

What is the current guideline value of Krishnappan Garden?

The current guideline value of Krishnappan Garden is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the registration office for Krishnappan Garden?

The registration office for Krishnappan Garden is the Neelankarai Sub Registrar Office, 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 Krishnappan Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 17,00,000, leading to a stamp duty of Rs 1,19,000.

What other streets have guideline values in Karapakkam?

Other streets in Karapakkam include Konnark Trust Land, K.C.G.College Road, Kcg College Land, Lakshmi Nagar, LAKSHMI VINAYAGAR 2nd 1st CROSS, and LAKSHMI VINAYAGAR 2nd STREET, with values ranging from Rs 1,700 to Rs 2,200 per sq.ft in 2024.