Guideline Value for KRISHTAPPA STREET (WARD -17)

Krishtappa Street (Ward -17) guideline value

The current guideline value for Krishtappa Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Krishtappa Street (Ward -17) has changed

The guideline value for Krishtappa Street has undergone several revisions over the years. The earliest revision available is from 2012, which set the value at Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017, and then it increased to Rs 600 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 660 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a significant decline of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Krishtappa Street's 2024 figure below that median.

• K.S.Puram Pambakal Street (Ward -15): Rs 440 per sq.ft (2024)
• Kulakkarai Street Old (Ward -15): Rs 660 per sq.ft (2024)
• Kulakkarai Street Old (Ward -18): Rs 660 per sq.ft (2024)
• Kulakkarai Street (Ward -17): Rs 550 per sq.ft (2024)
• Kumaragurubarar Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Kumaranar Street (Ward -5): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Krishtappa Street (Ward -17)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 6,60,000. The stamp duty is charged at 7%, totaling Rs 46,200, while the registration fee at 2% comes to Rs 13,200. Together, the total charges would be Rs 59,400. 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 Krishtappa Street (Ward -17)?

Krishtappa Street (Ward -17) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as per the government regulations. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value for Krishtappa Street (Ward -17)?

The current guideline value for Krishtappa Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Krishtappa Street (Ward -17)?

The land classification for Krishtappa Street (Ward -17) is Residential Class I Type - III.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Krishtappa Street (Ward -17)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 660 per sq.ft results in a total guideline value of Rs 6,60,000.