Guideline Value for Krishnapuram 1 to 3 Cross Streets

Krishnapuram 1 to 3 Cross Streets guideline value

The current guideline value for Krishnapuram 1 to 3 Cross Streets is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Nandhivaram village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Krishnapuram 1 to 3 Cross Streets has changed

The guideline value for Krishnapuram 1 to 3 Cross Streets has seen several revisions over the years. The earliest recorded figure was Rs 101 per sq.ft in 2002, which increased significantly to Rs 328 per sq.ft in 2007, marking a 225% rise. The value then surged to Rs 1,500 per sq.ft in 2012, reflecting a remarkable increase of 357%. However, it decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%, before stabilizing at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Notably, the register has no figure for the year 2003 for this street. Overall, from 2002 to 2024, the guideline value has increased by 1385%, illustrating significant fluctuations and adjustments over the years.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value across these streets is Rs 1,500 per sq.ft, which is equal to the 2024 figure for Krishnapuram 1 to 3 Cross Streets.

• Krishnapuram 1 to 3 Main Road: Rs 1,500 per sq.ft (2024)
• Krishnaveni Nagar: Rs 1,500 per sq.ft (2024)
• Kubera Nagar: Rs 3,500 per sq.ft (2024)
• Kulakkarai Street: Rs 1,000 per sq.ft (2024)
• K.K. Avenue: Rs 1,500 per sq.ft (2024)
• Lakshmi Garden: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnapuram 1 to 3 Cross Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, while the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 Krishnapuram 1 to 3 Cross Streets?

The Sub Registrar Office that covers Krishnapuram 1 to 3 Cross Streets is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Nandhivaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is assessed to ensure that the appropriate taxes are applied. This helps maintain transparency and compliance with local regulations, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Krishnapuram 1 to 3 Cross Streets?

The current guideline value for Krishnapuram 1 to 3 Cross Streets is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 101 per sq.ft in 2002, increasing to Rs 1,500 per sq.ft in 2012, dropping to Rs 1,005 per sq.ft in 2017, and finally stabilizing at Rs 1,500 per sq.ft in 2023 and 2024.

What is the land classification for Krishnapuram 1 to 3 Cross Streets?

Krishnapuram 1 to 3 Cross Streets is classified as Residential Special Type - I, indicating its intended use for residential purposes.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office for Krishnapuram 1 to 3 Cross Streets is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 at a rate of 7%.