Guideline Value for Krishna Raj Avenue

Krishna Raj Avenue guideline value

The current guideline value of Krishna Raj Avenue is Rs 3,630 per sq.ft, effective from 1 July 2024. This street is located in Mudichur village under the Padappai SRO, classified as Commercial Class I Type - I.

How the guideline value of Krishna Raj Avenue has changed

The guideline value for Krishna Raj Avenue has seen significant changes over the years. The 2017 revision set the value at Rs 2,211 per sq.ft, which increased to Rs 3,300 per sq.ft in the 2023 revision. The most recent 2024 revision brought the value up to Rs 3,630 per sq.ft, marking an increase of 10% from the previous year.

Between the 2017 and 2023 revisions, there was a substantial increase of 49%. Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mudichur

In Mudichur, there are 135 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,000 per sq.ft, with a median value of Rs 2,200 per sq.ft. Krishna Raj Avenue's 2024 guideline value is above this median.

• Kubera Lakshmi Nagar: Rs 3,630 per sq.ft (2024)
• Kubera Mangala Nagar: Rs 3,630 per sq.ft (2024)
• Kurinji Nagar: Rs 3,630 per sq.ft (2024)
• Kurinji Nagar Extension: Rs 3,630 per sq.ft (2024)
• Lakshmi Nagar: Rs 3,630 per sq.ft (2024)
• Lakshmi Nagar Extn: Rs 3,630 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Raj Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,630 per sq.ft, the total guideline value would be Rs 36,30,000. The stamp duty at 7% would amount to Rs 2,54,100, and the registration fee at 2% would be Rs 72,600, bringing the total cost to Rs 3,26,700. 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 Krishna Raj Avenue?

The Sub Registrar Office that covers Krishna Raj Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Mudichur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate applicable fees.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Krishna Raj Avenue?

The current guideline value of Krishna Raj Avenue is Rs 3,630 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 2,211 per sq.ft in 2017 to Rs 3,630 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for a property in Krishna Raj Avenue?

For a property valued at Rs 36,30,000, the stamp duty would be Rs 2,54,100 and the registration fee would be Rs 72,600, totaling Rs 3,26,700.

Which Sub Registrar Office covers Krishna Raj Avenue?

The Padappai Sub Registrar Office covers Krishna Raj Avenue, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the range of guideline values in Mudichur?

In Mudichur, the guideline values range from Rs 880 to Rs 4,000 per sq.ft, with a median value of Rs 2,200 per sq.ft. Krishna Raj Avenue's value is above this median.