Guideline Value for Krishnamoorthy Nagar 3th Street

Krishnamoorthy Nagar 3th Street guideline value

The current guideline value of Krishnamoorthy Nagar 3th Street is Rs 3,250 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village, under the Madhavaram SRO, and is classified as Residential Special Type - I.

How the guideline value of Krishnamoorthy Nagar 3th Street has changed

The guideline value for Krishnamoorthy Nagar 3th Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 3,250 per sq.ft, an increase of 8% from Rs 3,000 per sq.ft in 2023. Before that, the value was Rs 2,010 per sq.ft in 2017, marking a significant increase of 49% from the previous revision. The 2012 figure was Rs 3,000 per sq.ft, which was a decrease of 33% from the 2017 revision. Overall, from 2012 to 2024, the guideline value increased by 8%.

It is important to note that the register has no figure for Krishnamoorthy Nagar 3th Street for the years 2002, 2003, and 2007.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 3,800 per sq.ft, with a median value of Rs 2,500 per sq.ft. The guideline value for Krishnamoorthy Nagar 3th Street is above this median.

• Krishnamoorthy Nagar 2nd Street: Rs 3,250 per sq.ft (2024)
• Krishnamoorthy Nagar 4th Street: Rs 3,250 per sq.ft (2024)
• Krishnamoorthy Nagar 1st Street: Rs 3,250 per sq.ft (2024)
• Krishnamoorthy Salai: Rs 3,250 per sq.ft (2024)
• Krishnamoorthy Street: Rs 3,250 per sq.ft (2024)
• Kulasekarandasan Street / Kulasekaran Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnamoorthy Nagar 3th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 32,50,000. The stamp duty at 7% would be Rs 2,27,500, and the registration fee at 2% would be Rs 65,000, making the total Rs 2,92,500. Please note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishnamoorthy Nagar 3th Street?

The Sub Registrar Office that covers Krishnamoorthy Nagar 3th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

When buying or selling property in Erukancherry, the guideline value is a crucial factor in determining the stamp duty and registration fees. This value is set by the government and is used to calculate the taxes applicable during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the overall cost of property transactions. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Krishnamoorthy Nagar 3th Street?

The current guideline value of Krishnamoorthy Nagar 3th Street is Rs 3,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,250 per sq.ft in 2024, an increase of 8%. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing a significant increase of 49% from 2017 to 2023.

What is the land classification for Krishnamoorthy Nagar 3th Street?

Krishnamoorthy Nagar 3th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Krishnamoorthy Nagar 3th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 32,50,000, the stamp duty would be Rs 2,27,500 at 7%.