Guideline Value for KrishnaThirai Arangam Street

KrishnaThirai Arangam Street guideline value

The current guideline value of KrishnaThirai Arangam Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of KrishnaThirai Arangam Street has changed

The guideline value for KrishnaThirai Arangam Street has undergone several revisions over the years. The 2012 revision recorded a value of Rs 3,300 per sq.ft, which then decreased to Rs 2,211 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,300 per sq.ft in the 2023 revision, and finally, it rose to Rs 3,600 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The revisions for the years 2002, 2003, and 2007 do not have any figures available for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, which is equal to the current value of KrishnaThirai Arangam Street.

• Krishnasamy masthri Street: Rs 3,600 per sq.ft (2024)
• K.S.R.nagar: Rs 5,100 per sq.ft (2024)
• Krishna Nagar: Rs 2,000 per sq.ft (2024)
• Krishnamoorthy Street (ramapuram): Rs 3,600 per sq.ft (2024)
• Krishnaji sukkal Street: Rs 4,000 per sq.ft (2024)
• Krishna Iyer Street: Rs 4,000 per sq.ft (2024)

Stamp duty and registration fee for property in KrishnaThirai Arangam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value is Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, making the total cost for these fees Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KrishnaThirai Arangam Street?

The Sub Registrar Office that covers KrishnaThirai Arangam Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Ambattur. 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 serves as a benchmark for both parties. It helps in assessing the fair value of the property and ensures transparency in the transaction process.

Frequently asked questions

What is the current guideline value of KrishnaThirai Arangam Street?

The current guideline value of KrishnaThirai Arangam Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then increased to Rs 3,300 per sq.ft in 2023, and finally to Rs 3,600 per sq.ft in 2024.

What is the land classification of KrishnaThirai Arangam Street?

KrishnaThirai Arangam Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000 and the registration fee would be Rs 72,000, totaling Rs 3,24,000.

Where is the Sub Registrar Office for KrishnaThirai Arangam Street located?

The Sub Registrar Office covering KrishnaThirai Arangam Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.