Guideline Value for KRISHNAPURAM

Krishnapuram guideline value

The current guideline value of Krishnapuram, located in Puliyur village under the Kodambakkam SRO, is Rs 5,300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Krishnapuram has changed

The guideline value for Krishnapuram has undergone several revisions over the years. In 2002, the value was Rs 795 per sq.ft, which increased to Rs 873 per sq.ft in 2003. Following this, there was a significant rise to Rs 1,800 per sq.ft in 2007, and then to Rs 4,900 per sq.ft in 2012. However, the value decreased to Rs 3,283 per sq.ft in 2017. The 2023 revision saw an increase to Rs 4,900 per sq.ft, and the most recent revision in 2024 has set the value at Rs 5,300 per sq.ft.

Between the revisions, the changes are notable. From 2017 to 2023, the value increased by 49%. The jump from 2007 to 2012 was a remarkable 172%, while the value saw a decrease of 33% from 2012 to 2017. The overall change from 2002 to 2024 reflects an increase of 567%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Krishnapuram's 2024 figure below that median.

• Krishnan Colony: Rs 5,300 per sq.ft (2024)
• Kulakkarai Street: Rs 7,100 per sq.ft (2024)
• Ko. Su. Mani Road: Rs 5,000 per sq.ft (2024)
• Kirupha Sankari Street: Rs 6,300 per sq.ft (2024)
• Khan Street: Rs 6,300 per sq.ft (2024)
• Lakshmi Narayanan Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 5,300 per sq.ft, the total guideline value would be Rs 53,00,000. The stamp duty at 7% would amount to Rs 3,71,000, while the registration fee at 2% would be Rs 1,06,000, resulting in a total of Rs 4,77,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishnapuram?

The Kodambakkam Sub Registrar Office covers Krishnapuram, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Puliyur

The guideline value plays a crucial role during property transactions in Puliyur. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers must ensure that the sale price is at least equal to the guideline value to comply with legal requirements.

When registering a property, the authorities will assess the transaction based on the guideline value. This ensures that the value of the property is accurately reflected in official records, facilitating a transparent transaction process.

Frequently asked questions

What is the current guideline value of Krishnapuram?

The current guideline value of Krishnapuram is Rs 5,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 795 per sq.ft in 2002 to Rs 5,300 per sq.ft in 2024, reflecting an overall increase of 567% over the years.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, with Krishnapuram's value being below this median.

What fees are associated with purchasing property in Krishnapuram?

When purchasing property in Krishnapuram, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.