Guideline Value for Krishnan Street Block 62 (W.M)

Krishnan Street Block 62 (W.M) guideline value

The current guideline value of Krishnan Street Block 62 (W.M) is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class III Type - I.

How the guideline value of Krishnan Street Block 62 (W.M) has changed

The guideline value register for Krishnan Street Block 62 (W.M) has no figures recorded for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 5,500 per sq.ft.

As there are no changes between revisions for this street, the current guideline value remains the only figure available in the register.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, positioning Krishnan Street Block 62 (W.M) above this median.

• Krishna Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• K.R. Ramasamy Street: Rs 3,300 per sq.ft (2024)
• Krishnan 2nd Street: Rs 2,700 per sq.ft (2024)
• Krishna Murthy Street: Rs 3,300 per sq.ft (2024)
• Kovalan Street (Pari Nagar): Rs 4,400 per sq.ft (2024)
• Kulakkarai Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnan Street Block 62 (W.M)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishnan Street Block 62 (W.M)?

The Sub Registrar Office covering Krishnan Street Block 62 (W.M) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the transaction is appropriately valued for legal and taxation purposes.

Frequently asked questions

What is the current guideline value of Krishnan Street Block 62 (W.M)?

The current guideline value of Krishnan Street Block 62 (W.M) is Rs 5,500 per sq.ft, effective from 1 July 2024.

What is the land classification for Krishnan Street Block 62 (W.M)?

Krishnan Street Block 62 (W.M) is classified as Residential Class III Type - I.

What are the stamp duty rates for properties in Krishnan Street Block 62 (W.M)?

The stamp duty for properties in Krishnan Street Block 62 (W.M) is charged at 7% of the guideline value or the sale price, whichever is higher.

How many streets are there in Kodambakkam under the Ashok Nagar SRO?

There are 1,031 streets in Kodambakkam under the Ashok Nagar SRO that carry a 2024 guideline value.

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.