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 Thiruninravur-B village 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 undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,210 per sq.ft, an increase from Rs 1,100 per sq.ft in 2023, representing a 10% rise. Prior to that, in 2017, the value was Rs 804 per sq.ft, which means there was a significant increase of 37% from 2017 to 2023.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 50%. The register has no figures for the years 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 value for these streets is Rs 770 per sq.ft, and Krishnapuram 2nd Cross St's 2024 figure 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 guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total fees to Rs 1,08,900. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Krishnapuram 2nd Cross St?

The Sub Registrar Office that covers Krishnapuram 2nd Cross St is 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 information.

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

The guideline value is an essential factor when registering property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid 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 government receives the correct revenue from property transactions.

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 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 a total increase of 50% over these years.

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

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

Which office handles property registrations for Krishnapuram 2nd Cross St?

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

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

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