Guideline Value for Krishnan salai(ICF)

Krishnan salai(ICF) guideline value

The current guideline value of Krishnan salai(ICF) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class I Type - I.

How the guideline value of Krishnan salai(ICF) has changed

The guideline value for Krishnan salai(ICF) has seen several revisions over the years. The 2017 revision set the guideline value at Rs 1,474 per sq.ft. In 2023, the value increased to Rs 2,200 per sq.ft, marking a significant rise of 49% from the previous revision. The most recent revision in 2024 raised the guideline value to Rs 2,400 per sq.ft, which is a 9% increase from 2023.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Krishnan salai(ICF) is above this median.

• Kaviya Garden Dream Homes: Rs 1,105 per sq.ft (2024)
• Kaveri Street(ICF colony): Rs 2,400 per sq.ft (2024)
• Kavarai Street: Rs 1,600 per sq.ft (2024)
• Karunanidhi Street: Rs 1,600 per sq.ft (2024)
• Kannathasan Street: Rs 1,600 per sq.ft (2024)
• Maghakavi Bharathiyar Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnan salai(ICF)

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, totaling Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishnan salai(ICF)?

The Sub Registrar Office that covers Krishnan salai(ICF) is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a critical factor during the registration of property transactions in 5. Athipattu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these fees are proportionate to the property's value as recognized by the government.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Krishnan salai(ICF)?

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

How much has the guideline value changed from 2017 to 2024?

The guideline value has increased by 63% from Rs 1,474 per sq.ft in 2017 to Rs 2,400 per sq.ft in 2024.

What is the stamp duty rate for properties in Krishnan salai(ICF)?

The stamp duty rate for properties in Krishnan salai(ICF) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Krishnan salai(ICF)?

The Sub Registrar Office for Krishnan salai(ICF) is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, Chennai registration zone.

What is the median guideline value in 5. Athipattu?

The median guideline value in 5. Athipattu is Rs 2,200 per sq.ft, and the guideline value for Krishnan salai(ICF) is above this median.