Guideline Value

Corporate

Guideline Value for KRISHNAPURAM 2ND MAIN ST

₹1210/sq.ft.

The guideline value for Krishnapuram 2nd Main St in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 1210 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1210 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Krishnapuram 2nd Main St

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Krishnapuram 2nd Main St guideline value

The current guideline value of Krishnapuram 2nd Main St is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in the Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Special Type - III.

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

Over the years, the guideline value of Krishnapuram 2nd Main St has seen significant revisions. The 2017 revision recorded a value of Rs 804 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2023 revision. The latest revision in 2024 shows a further increase to Rs 1,210 per sq.ft, marking a 10% rise from the previous year. The overall change from the 2017 revision to the 2024 revision is a notable 50% increase.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 37%, reflecting a steady rise in the guideline value over the years.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, placing Krishnapuram 2nd Main St's guideline value above this median.

Stamp duty and registration fee for property in Krishnapuram 2nd Main 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 cost for these fees 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 on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishnapuram 2nd Main St?

The Krishnapuram 2nd Main St falls under 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 additional assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the expected costs involved in the transaction. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price relative to the established rates in the area.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, reflecting a 50% increase over this period.

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

Krishnapuram 2nd Main St is classified as Residential Special Type - III. This classification indicates the type of development and usage permitted in the area.

Where can I find the registration office for properties in this area?

The registration office for properties in Krishnapuram 2nd Main St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What factors determine the stamp duty and registration fees?

The stamp duty and registration fees are determined based on the guideline value or the sale price of the property, whichever is higher. The current rates are 7% for stamp duty and 2% for the registration fee.