Guideline Value

Corporate

Guideline Value for Krishna Avenue Main Road

₹1900/sq.ft.

The guideline value for Krishna Avenue Main Road in Rajakilpakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Rajakilpakkam

Village

Selaiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Krishna Avenue Main Road

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Krishna Avenue Main Road guideline value

The current guideline value of Krishna Avenue Main Road is Rs 1,900 per sq.ft, effective from 1 July 2024. This road is located in Rajakilpakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Krishna Avenue Main Road has changed

The guideline value for Krishna Avenue Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,206 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,800 per sq.ft, reflecting an increase of 49%. The most recent revision in 2024 raised the guideline value to Rs 1,900 per sq.ft, a change of 6% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Krishna Avenue Main Road. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,150 per sq.ft, indicating that Krishna Avenue Main Road's 2024 figure is below that median.

Stamp duty and registration fee for property in Krishna Avenue Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty is charged at 7%, resulting in Rs 1,33,000, and the registration fee is 2%, which amounts to Rs 38,000. Together, the total cost for stamp duty and registration fee would be Rs 1,71,000. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Krishna Avenue Main Road?

The Sub Registrar Office that covers Krishna Avenue Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Rajakilpakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Rajakilpakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price of the property.

Understanding the guideline value is essential for both buyers and sellers, as it ensures that the property is registered at a value that is recognized by the government. This helps in maintaining transparency and legality in property transactions.

Frequently asked questions

What is the current guideline value of Krishna Avenue Main Road?

The current guideline value of Krishna Avenue Main Road is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Krishna Avenue Main Road?

The land classification for Krishna Avenue Main Road is Residential Class I Type - II.

What are the stamp duty and registration fees for properties in Krishna Avenue Main Road?

For a property valued at Rs 19,00,000, the stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000.

Which office handles registrations for Krishna Avenue Main Road?

The Selaiyur Sub Registrar Office handles registrations for Krishna Avenue Main Road, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.