Guideline Value for Krishnamoorthy Salai

Krishnamoorthy Salai guideline value

The current guideline value of Krishnamoorthy Salai is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Krishnamoorthy Salai has changed

The guideline value for Krishnamoorthy Salai has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. However, the latest revision in 2024 has increased the value back to Rs 2,700 per sq.ft.

In terms of percentage changes, the value increased by 61% from 2017 to 2024. From 2012 to 2017, there was a decrease of 33%. Overall, comparing the values from 2012 to 2024, there has been an increase of 8%. The guideline value register does not have figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with the median value being Rs 2,700 per sq.ft. Krishnamoorthy Salai's 2024 figure aligns with this median.

• Krishnamoorthy Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Koyyathoppu Gandhi Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Koyyathoppu Gandhi Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Koyyathoppu Gandhi Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Koyyathoppu Gandhi Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Koyyathoppu Gandhi Nagar 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnamoorthy Salai

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value is Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. 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 further calculations.

Which Sub Registrar Office covers Krishnamoorthy Salai?

The Sub Registrar Office that covers Krishnamoorthy Salai 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 Kodungaiyur

The guideline value is a critical factor in the registration process when buying or selling property in Kodungaiyur. It determines the minimum value at which a property can be registered, ensuring that the transaction is officially recorded and that the appropriate taxes are collected.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the state government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Krishnamoorthy Salai?

The current guideline value of Krishnamoorthy Salai is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then it increased to Rs 2,700 per sq.ft in 2024. There were no figures available for the years 2023, 2007, 2003, and 2002.

What is the land classification for Krishnamoorthy Salai?

Krishnamoorthy Salai is classified as Residential Class I Type - I.

What are the stamp duty rates for properties in Krishnamoorthy Salai?

The stamp duty rate for properties in Krishnamoorthy Salai is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Krishnamoorthy Salai located?

The Madhavaram Sub Registrar Office, which covers Krishnamoorthy Salai, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.