Guideline Value for Krishnappa Street, Ch - 2

Krishnappa Street, Ch - 2 guideline value

The current guideline value of Krishnappa Street, Ch - 2 is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO, with a land classification of Mixed Type - II.

How the guideline value of Krishnappa Street, Ch - 2 has changed

The guideline value for Krishnappa Street, Ch - 2 has seen several revisions over the years. In 2007, the value was Rs 2,760 per sq.ft, which increased to Rs 7,000 per sq.ft in 2012. However, there was a decrease to Rs 4,690 per sq.ft in 2017. The value then rose significantly to Rs 7,000 per sq.ft in 2023, and most recently, it has increased to Rs 7,700 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 179%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO, with guideline values ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value in this area is Rs 6,600 per sq.ft, making the 2024 figure for Krishnappa Street, Ch - 2 above this median.

• Krishnappa Mudali Street Ch - 5: Rs 5,500 per sq.ft (2024)
• Koya Arunagiri Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 5th Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 4th Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 3rd Street: Rs 6,600 per sq.ft (2024)
• Koya Arunagiri 2nd Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnappa Street, Ch - 2

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Krishnappa Street, Ch - 2?

The Sub Registrar Office that covers Krishnappa Street, Ch - 2 is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Krishnappa Street, Ch - 2?

The current guideline value of Krishnappa Street, Ch - 2 is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,760 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 179% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at the current guideline value of Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which Sub Registrar Office covers this street?

The Triplicane Sub Registrar Office covers Krishnappa Street, Ch - 2, located at No.182 Bharati Salai (pycrafts Road), Royapettah, Chennai-600014.

What is the land classification for Krishnappa Street, Ch - 2?

The land classification for Krishnappa Street, Ch - 2 is Mixed Type - II.