Guideline Value for Krishandas Street

Krishandas Street guideline value

The current guideline value of Krishandas Street in Pozhichalur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Krishandas Street has changed

In the 2017 revision, the guideline value for Krishandas Street was Rs 670 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw another increase to Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

The overall change from the 2017 revision to the 2024 revision is a substantial 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Krishandas Street's 2024 figure below that median.

• K.K. Sami Street: Rs 1,100 per sq.ft (2024)
• Kirubananda Variyar Street: Rs 1,100 per sq.ft (2024)
• Kulothungan Street: Rs 1,100 per sq.ft (2024)
• Kavulbazaar Main Road: Rs 2,200 per sq.ft (2024)
• Kattabomman Street: Rs 1,320 per sq.ft (2024)
• Kurunji Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Krishandas Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Please 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 further calculations.

Which Sub Registrar Office covers Krishandas Street?

The Sub Registrar Office that covers Krishandas Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions within Pozhichalur. It is used as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value is essential for calculating these costs accurately.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in the real estate market. It is important for both parties to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Krishandas Street?

The current guideline value of Krishandas Street is Rs 1,100 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 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the stamp duty for a property on Krishandas Street?

The stamp duty for a property on Krishandas Street is 7% of the guideline value or sale price, whichever is higher. For a plot of 1,000 sq.ft, the stamp duty would be Rs 77,000.

Which office handles property registrations for Krishandas Street?

The Pammal Sub Registrar Office handles property registrations for Krishandas Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets with the same guideline value in Pozhichalur?

Yes, there are several other streets in Pozhichalur with the same guideline value of Rs 1,100 per sq.ft, including K.K. Sami Street, Kirubananda Variyar Street, Kulothungan Street, and Kurunji Street.