Guideline Value for Krishapuri

Krishapuri guideline value

The current guideline value of Krishapuri, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - I classification.

How the guideline value of Krishapuri has changed

Over the years, the guideline value for Krishapuri has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 634 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, followed by a decrease to Rs 670 per sq.ft in 2017. The value then returned to Rs 1,000 per sq.ft in both 2023 and the latest 2024 revision, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. The overall change from the 2007 figure to the 2024 figure is an increase of 58%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, which is equal to the current value for Krishapuri. Below are the guideline values for other streets in Adhanoor:

• K.P.S. Nagar: Rs 1,000 per sq.ft (2024)
• Krishna Nagar: Rs 1,000 per sq.ft (2024)
• Krishna Nagar (Extn): Rs 1,000 per sq.ft (2024)
• K.M.A. Nagar: Rs 1,000 per sq.ft (2024)
• K.M.A. Avenue: Rs 1,000 per sq.ft (2024)
• Kumaran Avenue: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Krishapuri

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total fees Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishapuri?

The Sub Registrar Office that covers Krishapuri is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Adhanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which may affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Krishapuri?

The current guideline value of Krishapuri is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 634 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017. It returned to Rs 1,000 per sq.ft in 2023 and remains the same in 2024.

What is the land classification for Krishapuri?

Krishapuri falls under the Residential Special Type - I classification, which is relevant for property transactions in the area.

What are the stamp duty and registration fees for property in Krishapuri?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for properties in Krishapuri?

The Gooduvancheri Sub Registrar Office handles the registration for properties in Krishapuri, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.