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_2 village under the Ponneri SRO, and it is classified as Residential Special Type - I.

How the guideline value of Krishnaswami Mudali Street has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The guideline value remained unchanged at Rs 1,200 per sq.ft in the 2024 revision, indicating a 0% change from the previous year.

The register has no figures for Krishnaswami Mudali Street for the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft, with a median value of Rs 700 per sq.ft. Krishnaswami Mudali Street's 2024 guideline value is above this median.

• Kulakkarai Street: Rs 700 per sq.ft (2024)
• Lakshmi Amman Kovil Street: Rs 700 per sq.ft (2024)
• Lakshmi Nagar: Rs 700 per sq.ft (2024)
• Lucky Star City: Rs 700 per sq.ft (2024)
• Madhavan Road / Nagar: Rs 702 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 would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. Duty is charged on the higher of the guideline value and the sale price.

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_2

The guideline value is a crucial factor during property registration in Ponneri_2. It determines 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 in establishing a fair price for both parties. It is important to consider this value as it influences the overall cost of the transaction, including applicable taxes and fees.

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 increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and it remained the same in 2024. This represents a 49% increase from 2017 to 2024.

What is the land classification for Krishnaswami Mudali Street?

Krishnaswami Mudali Street is classified as Residential Special Type - I. This classification affects the guideline value and property usage in the area.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Krishnaswami Mudali Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 12,00,000 would incur a stamp duty of Rs 84,000 at 7%.