Guideline Value for Krishnaji sukkal Street

Krishnaji sukkal Street guideline value

The current guideline value of Krishnaji sukkal Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Krishnaji sukkal Street has changed

The guideline value of Krishnaji sukkal Street has seen several revisions over the years. In the 2012 revision, the value was Rs 3,700 per sq.ft, which decreased to Rs 2,479 per sq.ft in the 2017 revision. This marked a significant drop of 33%. However, from 2017 to 2023, the value increased substantially by 49% to reach Rs 3,700 per sq.ft. The most recent revision in 2024 set the value at Rs 4,000 per sq.ft, reflecting an 8% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Krishnaji sukkal Street.

Guideline values in Ambattur

In Ambattur, there are a total of 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 value for these streets is Rs 3,600 per sq.ft, placing Krishnaji sukkal Street's 2024 figure above this median.

• Krishna Iyer Street: Rs 4,000 per sq.ft (2024)
• Krishnamoorthy Street (ramapuram): Rs 3,600 per sq.ft (2024)
• Krishna Nagar: Rs 2,000 per sq.ft (2024)
• Krishnasamy masthri Street: Rs 3,600 per sq.ft (2024)
• KrishnaThirai Arangam Street: Rs 3,600 per sq.ft (2024)
• KokilaAmmal Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnaji sukkal Street

For a 1,000 sq.ft plot at the current rate of Rs 4,000 per sq.ft, the guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total to Rs 3,60,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishnaji sukkal Street?

The Sub Registrar Office that covers Krishnaji sukkal 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 an essential factor in property transactions in Ambattur. It serves as the basis for calculating the stamp duty and registration fees when registering a property. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value helps in determining the official value of the property for registration purposes. This ensures that the necessary taxes and fees are calculated accurately, reflecting the property's value as per the government records.

Frequently asked questions

What is the current guideline value of Krishnaji sukkal Street?

The current guideline value of Krishnaji sukkal Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2012 to Rs 2,479 per sq.ft in 2017, then increased to Rs 3,700 per sq.ft in 2023, and finally to Rs 4,000 per sq.ft in 2024.

What is the land classification of Krishnaji sukkal Street?

Krishnaji sukkal Street is classified as Residential Special Type - II.

What is the median guideline value in Ambattur?

The median guideline value for the streets in Ambattur is Rs 3,600 per sq.ft, with Krishnaji sukkal Street's current value being above this median.

Where can I find the Sub Registrar Office for Krishnaji sukkal Street?

The Sub Registrar Office for Krishnaji sukkal Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.