Guideline Value for Krishnamoorthy Street (ramapuram)

Krishnamoorthy Street (ramapuram) guideline value

The current guideline value of Krishnamoorthy Street (ramapuram) 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 Krishnamoorthy Street (ramapuram) has changed

The guideline value for Krishnamoorthy Street (ramapuram) has seen several revisions over the years. The 2012 revision set the value at 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 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. There are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that have a guideline value for 2024, 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 Krishnamoorthy Street (ramapuram).

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

Stamp duty and registration fee for property in Krishnamoorthy Street (ramapuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be 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, bringing the total fees to 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishnamoorthy Street (ramapuram)?

The Sub Registrar Office that covers Krishnamoorthy Street (ramapuram) 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Krishnamoorthy Street (ramapuram)?

The current guideline value of Krishnamoorthy Street (ramapuram) 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 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 Krishnamoorthy Street (ramapuram)?

Krishnamoorthy Street (ramapuram) is classified as Residential Class I Type - I.

Which office handles registrations for Krishnamoorthy Street (ramapuram)?

The Ambattur Sub Registrar Office handles registrations for Krishnamoorthy Street (ramapuram), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Krishnamoorthy Street (ramapuram)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000 at 7%.