Guideline Value for Krishnan Koil street

Krishnan Koil street guideline value

The current guideline value of Krishnan Koil street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Muthialpet village and falls under the Chennai North Joint I SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Krishnan Koil street has changed

Starting from the 2002 revision, the guideline value for Krishnan Koil street was Rs 1,640 per sq.ft. This figure increased to Rs 1,864 per sq.ft in 2003, marking a change of +14%. The value continued to rise, reaching Rs 2,300 per sq.ft in 2007, an increase of +23%. In 2012, the guideline value was recorded at Rs 6,500 per sq.ft, which represented a significant increase of +183% from the previous revision.

From 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, reflecting a drop of -33%. The 2023 revision saw the value rise again to Rs 6,500 per sq.ft, and the latest revision in 2024 set the guideline value at Rs 7,100 per sq.ft, an increase of +9% from 2023. Overall, from 2002 to 2024, the guideline value has increased by +333%.

Guideline values in Muthialpet

In Muthialpet, there are 160 streets under the Chennai North Joint I SRO with a 2024 guideline value ranging from Rs 3,800 to Rs 18,000 per sq.ft. The median value is Rs 5,500 per sq.ft, placing Krishnan Koil street's 2024 figure above this median.

• Krishnasamy pagoda street@Kabaleeswarar street+: Rs 5,500 per sq.ft (2024)
• Kondi street: Rs 7,700 per sq.ft (2024)
• Kuppupillai lane+: Rs 5,500 per sq.ft (2024)
• Kiranar street: Rs 5,500 per sq.ft (2024)
• Kuskan Street @ Ethka mosque Street: Rs 4,900 per sq.ft (2024)
• Katchaleeswarar Pagoda street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnan Koil street

For a 1,000 sq.ft plot at the current rate of Rs 7,100 per sq.ft, the guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, totaling Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishnan Koil street?

The Sub Registrar Office that covers Krishnan Koil street is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplanade Street, Chennai-105. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property in Muthialpet. It determines 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 compared against the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory during the registration process.

Frequently asked questions

What is the current guideline value of Krishnan Koil street?

The current guideline value of Krishnan Koil street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,640 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, representing an overall increase of +333% over this period.

What is the median guideline value in Muthialpet?

The median guideline value for streets in Muthialpet is Rs 5,500 per sq.ft, with Krishnan Koil street's value being above this median.

What are the stamp duty and registration fees for properties in Krishnan Koil street?

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Where is the Sub Registrar Office for Krishnan Koil street located?

The Sub Registrar Office for Krishnan Koil street is located at Nsc Bose Road, Kuralagam First Floor, Esplanade Street, Chennai-105, under the Chennai North Joint I SRO.