Guideline Value for KRISHNAPURAM 1ST CROSS ST

Krishnapuram 1st Cross St guideline value

The current guideline value of Krishnapuram 1st Cross St is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO, and it falls under the Residential Special Type - III land classification.

How the guideline value of Krishnapuram 1st Cross St has changed

The guideline value of Krishnapuram 1st Cross St has experienced several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft. This increased to Rs 1,100 per sq.ft in the 2023 revision, marking a 37% rise. The most recent 2024 revision shows a further increase to Rs 1,210 per sq.ft, which is a 10% increase from the previous year. Overall, from 2017 to 2024, there has been a 50% increase in the guideline value.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Krishnapuram 1st Cross St above this median.

• 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)
• Krishnapuram 4th Cross St: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnapuram 1st Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, making the total costs together Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Krishnapuram 1st Cross St?

The Krishnapuram 1st Cross St is covered by 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 information.

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

The guideline value is a crucial factor when registering property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Krishnapuram 1st Cross St?

The current guideline value of Krishnapuram 1st Cross St is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, marking an overall increase of 50% over this period.

What is the land classification for Krishnapuram 1st Cross St?

Krishnapuram 1st Cross St falls under the Residential Special Type - III land classification.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 12,10,000, the stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900.

Which office handles registrations for Krishnapuram 1st Cross St?

The Avadi Sub Registrar Office handles registrations for Krishnapuram 1st Cross St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.