Guideline Value for Krishnan Street(Devi Nagar)

Krishnan Street(Devi Nagar) guideline value

The current guideline value of Krishnan Street(Devi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Krishnan Street(Devi Nagar) has changed

In the 2007 revision, the guideline value was Rs 400 per sq.ft. This figure saw a significant increase to Rs 2,200 per sq.ft in the 2012 revision, marking a change of +450%. The value remained unchanged at Rs 2,200 per sq.ft in the 2023 revision. The latest 2024 revision has increased the guideline value to Rs 2,400 per sq.ft, reflecting a change of +9% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +500%. It is important to note that there are no figures available for Krishnan Street(Devi Nagar) in the revisions for the years 2002, 2003, and 2017.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value for Krishnan Street(Devi Nagar).

• Krishna Nagar: Rs 2,000 per sq.ft (2024)
• Kuel pattu Street (Srisakthi Nagar): Rs 2,400 per sq.ft (2024)
• Kulakarai Street: Rs 2,700 per sq.ft (2024)
• Kumaran Nagar: Rs 990 per sq.ft (2024)
• Kodi Edai Nayagi Street(Mandikapuram): Rs 2,400 per sq.ft (2024)
• Kodi Edai Nayagi Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnan Street(Devi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, leading to a total cost of Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Krishnan Street(Devi Nagar)?

The Sub Registrar Office that covers Krishnan Street(Devi Nagar) 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 Thirumullaivoyal

The guideline value is a crucial factor during the registration of property transactions in Thirumullaivoyal. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the property is registered at a fair value as determined by the local authorities.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which is essential for legal and financial transactions. It ensures transparency and compliance with local regulations during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Krishnan Street(Devi Nagar)?

The current guideline value of Krishnan Street(Devi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 400 per sq.ft to Rs 2,400 per sq.ft in 2024, marking a total increase of +500% over the years.

What is the land classification for Krishnan Street(Devi Nagar)?

Krishnan Street(Devi Nagar) is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Krishnan Street(Devi Nagar)?

The Sub Registrar Office covering Krishnan Street(Devi Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty and registration fees for property in Krishnan Street(Devi Nagar)?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000, and the registration fee would be Rs 48,000, totaling Rs 2,16,000.