Guideline Value for Krishnappa Naicken Tank Street

Krishnappa Naicken Tank Street guideline value

The current guideline value of Krishnappa Naicken Tank Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village, under the Sowcarpet SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Krishnappa Naicken Tank Street has changed

The guideline value for Krishnappa Naicken Tank Street has seen several revisions over the years. The 2003 revision set the value at Rs 920 per sq.ft, which increased to Rs 1,200 per sq.ft in 2007. The value then rose significantly to Rs 4,000 per sq.ft in 2012, followed by a decrease to Rs 2,680 per sq.ft in 2017. The 2023 revision brought it back up to Rs 4,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 4,400 per sq.ft.

In terms of percentage changes, the value increased by 30% from 2003 to 2007, followed by a substantial increase of 233% from 2007 to 2012. The value then decreased by 33% from 2012 to 2017, and saw a significant rise of 49% from 2017 to 2023. The increase from 2023 to 2024 is 10%. Overall, from 2003 to 2024, the guideline value has increased by 378%. The register has no figure for the year 2002 for this street.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO with a 2024 guideline value ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, which is equal to the current guideline value of Krishnappa Naicken Tank Street.

• Krishnappa Naicken Agraharam Street: Rs 4,900 per sq.ft (2024)
• Krishnappa Maistry Street: Rs 4,400 per sq.ft (2024)
• Krishna Aiyer Street: Rs 6,000 per sq.ft (2024)
• Kulandhai Street: Rs 6,000 per sq.ft (2024)
• Korsa Sahib Street: Rs 4,400 per sq.ft (2024)
• Korsa Sahib Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnappa Naicken Tank Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishnappa Naicken Tank Street?

The Sub Registrar Office that covers Krishnappa Naicken Tank Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering a property in Muthiyalpet. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost involved in the transaction. The registration office will refer to this value to ensure that the correct fees are applied during the registration process.

Frequently asked questions

What is the current guideline value of Krishnappa Naicken Tank Street?

The current guideline value of Krishnappa Naicken Tank Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 920 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, with various revisions in between, including a decrease in 2017.

What is the land classification for Krishnappa Naicken Tank Street?

The land classification for Krishnappa Naicken Tank Street is Residential Class I Type - I.

Where can I find more information about the registration office?

The Sowcarpet Sub Registrar Office, which covers Krishnappa Naicken Tank Street, is located at No.11, Davidson Street, Sowcarpet, Chennai-01. More details can be found by following the link to find your SRO.

How is the stamp duty calculated for properties in Muthiyalpet?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.