Guideline Value for Krishnamoorthy Salai

Krishnamoorthy Salai guideline value

The current guideline value of Krishnamoorthy Salai is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Malaipattu village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Krishnamoorthy Salai has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This value remained unchanged until the 2017 revision, which saw a decrease to Rs 134 per sq.ft, representing a drop of 33%. The value then increased significantly to Rs 200 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 figure. The current guideline value of Rs 200 per sq.ft in the 2024 revision reflects no change from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for Krishnamoorthy Salai. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 200 per sq.ft.

Guideline values in Malaipattu

Malaipattu village has 36 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,181 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value of Krishnamoorthy Salai is equal to this median.

• Kullakarai Street: Rs 150 per sq.ft (2024)
• Lakshmi Land: Rs 150 per sq.ft (2024)
• Kanniamman street: Rs 181 per sq.ft (2024)
• Kamarajar Salai: Rs 150 per sq.ft (2024)
• Kalaizhnar Street: Rs 150 per sq.ft (2024)
• MGR Street: Rs 200 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 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Krishnamoorthy Salai?

The Sub Registrar Office that covers Krishnamoorthy Salai is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Malaipattu, as it determines the minimum value for registration purposes. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

When registering a property, the guideline value ensures that the transaction is recorded at a fair price, which helps maintain transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Krishnamoorthy Salai?

The current guideline value of Krishnamoorthy Salai is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 200 per sq.ft in 2024, which is the same as in 2023. It decreased from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, before increasing back to Rs 200 per sq.ft in 2023.

What is the land classification for Krishnamoorthy Salai?

Krishnamoorthy Salai is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Krishnamoorthy Salai?

The Sub Registrar Office for Krishnamoorthy Salai is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Malaipattu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty at 7% would be Rs 14,000.