Guideline Value for Krishna Road

Krishna Road guideline value

The current guideline value of Krishna Road in Perungalathur village is Rs 2,970 per sq.ft, effective from 1 July 2024. This area falls under the Padappai SRO and is classified as Commercial Class I Type - II.

How the guideline value of Krishna Road has changed

The guideline value for Krishna Road has undergone several revisions over the years. In 2007, the guideline value was Rs 350 per sq.ft, which saw a significant increase to Rs 2,700 per sq.ft in 2012. However, it then decreased to Rs 1,809 per sq.ft in 2017. Following this, the value rose sharply to Rs 2,700 per sq.ft in 2023, and most recently, it was revised to Rs 2,970 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 749%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. Krishna Road's 2024 figure is above this median.

• Kumaran Nagar: Rs 2,310 per sq.ft (2024)
• Koral Apartments: Rs 1,980 per sq.ft (2024)
• Kumaran Nagar - S.No.270/2: Rs 2,310 per sq.ft (2024)
• Kumarappa Salai: Rs 2,640 per sq.ft (2024)
• Kundu Medu: Rs 1,980 per sq.ft (2024)
• Kurinchi Nagar Saranga Avenue Link Road: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Road

For a 1,000 sq.ft plot at the current rate of Rs 2,970 per sq.ft, the guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, totaling Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Krishna Road?

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

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

The guideline value plays a crucial role in the registration process of property transactions in Perungalathur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to assess the transaction's legitimacy and to calculate the associated fees. It is essential for buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Krishna Road?

The current guideline value of Krishna Road is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, reflecting an overall increase of 749% over the years.

What is the land classification of Krishna Road?

Krishna Road is classified as Commercial Class I Type - II under the current guidelines.

What are the stamp duty and registration fees for property on Krishna Road?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,67,300, based on the current guideline value of Rs 29,70,000.

Which office handles property registrations for Krishna Road?

The Padappai Sub Registrar Office handles property registrations for Krishna Road, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.