Guideline Value for Krishduraja st

Krishduraja st guideline value

The current guideline value of Krishduraja st in Peerklankaranai village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Krishduraja st has changed

The guideline value of Krishduraja st has seen several revisions over the years. In 2012, the guideline value was Rs 1,000 per sq.ft, which then dropped to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. The overall change from 2012 to 2024 is an increase of 10%. It is important to note that the register has no figures for this street in the years 2002, 2003, and 2007.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, which means that the guideline value of Krishduraja st is below this median.

• Krishnaveniammal Street: Rs 1,320 per sq.ft (2024)
• K.K. Nagar Roja Street: Rs 1,320 per sq.ft (2024)
• K.K. Nagar: Rs 2,200 per sq.ft (2024)
• Kirubanandavariyar Street: Rs 1,100 per sq.ft (2024)
• Kesavan Nagar: Rs 1,650 per sq.ft (2024)
• Kumaran Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Krishduraja st

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishduraja st?

The Sub Registrar Office that covers Krishduraja st is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peerklankaranai. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Krishduraja st?

The current guideline value of Krishduraja st is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the median guideline value in Peerklankaranai?

The median guideline value in Peerklankaranai is Rs 1,650 per sq.ft, which is above the current guideline value of Krishduraja st.

What are the stamp duty and registration fees for a property in Krishduraja st?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000, resulting in a stamp duty of Rs 77,000 and a registration fee of Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Krishduraja st?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Krishduraja st, located at No.26, Mes Road, East Tambaram, Chennai-600059.