Guideline Value for KRISHNASWAMI MUDALI STREET

Krishnaswami Mudali Street guideline value

The current guideline value of Krishnaswami Mudali Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village under the Ponneri SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Krishnaswami Mudali Street has changed

The guideline value for Krishnaswami Mudali Street has undergone several revisions over the years. In 2012, the guideline value was Rs 800 per sq.ft, which saw a minor increase to Rs 804 per sq.ft in 2017. The value then rose significantly to Rs 1,200 per sq.ft in 2023, remaining unchanged in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from 2012 to 2024 is an increase of 50%, reflecting the substantial growth in the guideline value from Rs 800 per sq.ft to Rs 1,200 per sq.ft.

Guideline values in Ponneri

In Ponneri village, there are 120 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 1,200 per sq.ft, with a median value of Rs 700 per sq.ft. Krishnaswami Mudali Street's 2024 guideline value is above this median.

• Kumaran Nagar: Rs 700 per sq.ft (2024)
• Kumaran Streeet / N.G.O.Nagar: Rs 700 per sq.ft (2024)
• Lakshmi Amman Kovil Street: Rs 700 per sq.ft (2024)
• Lakshmi Amman Nagar: Rs 201 per sq.ft (2024)
• Lakshmi Nagar: Rs 700 per sq.ft (2024)
• Madhina Palli Vasal: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnaswami Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total cost for these fees to Rs 1,08,000. Note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishnaswami Mudali Street?

The Sub Registrar Office that covers Krishnaswami Mudali Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Ponneri. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction reflects the current market standards set by the registration department.

Frequently asked questions

What is the current guideline value of Krishnaswami Mudali Street?

The current guideline value of Krishnaswami Mudali Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 800 per sq.ft in 2012 to Rs 1,200 per sq.ft in 2024, marking a total increase of 50% over this period.

What is the median guideline value in Ponneri?

The median guideline value for streets in Ponneri is Rs 700 per sq.ft, with Krishnaswami Mudali Street's value being above this median.

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

Stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property with a guideline value of Rs 12,00,000, the total fees would amount to Rs 1,08,000.

Where is the Sub Registrar Office for Krishnaswami Mudali Street located?

The Sub Registrar Office for Krishnaswami Mudali Street is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.