Guideline Value for KRISHNAPURAM 2ND CROSS ST

Krishnapuram 2nd Cross St guideline value

The current guideline value of Krishnapuram 2nd Cross St is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in the village of Thiruninravur-A and falls under the Avadi SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Krishnapuram 2nd Cross St has changed

The guideline value for Krishnapuram 2nd Cross St has seen significant changes over the years. In the 2017 revision, the value was 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 revision in 2024 set the value at Rs 1,210 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. It is important to note that there are no figures available for this street in the revisions for the years 2002, 2003, 2007, and 2012.

Guideline values in Thiruninravur-A

In the village of 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, with a median value of Rs 750 per sq.ft. The guideline value for Krishnapuram 2nd Cross St is above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,210 per sq.ft, the 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, bringing the total to Rs 1,08,900. 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 Krishnapuram 2nd Cross St?

The Krishnapuram 2nd Cross St is covered by the Avadi Sub Registrar Office. The address is 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 plays a crucial role in the registration process for property transactions in Thiruninravur-A. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is considered as a benchmark to ensure that the transaction is recorded at a fair value. The fees are calculated based on this value, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Krishnapuram 2nd Cross St?

The current guideline value of Krishnapuram 2nd Cross St is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,210 per sq.ft in 2024, marking an overall increase of 50%.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,08,900 based on the current guideline value.

Which Sub Registrar Office handles registrations for Krishnapuram 2nd Cross St?

The Avadi Sub Registrar Office handles registrations for Krishnapuram 2nd Cross St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District.

What is the land classification for Krishnapuram 2nd Cross St?

The land classification for Krishnapuram 2nd Cross St is Residential Special Type - III.