Guideline Value for Krishnapuram 1 to 3 Main Road

Krishnapuram 1 to 3 Main Road guideline value

The current guideline value for Krishnapuram 1 to 3 Main Road is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Nandhivaram village and falls under the Gooduvancheri SRO. The land classification is Residential Special Type - I.

How the guideline value of Krishnapuram 1 to 3 Main Road has changed

The guideline value for Krishnapuram 1 to 3 Main Road has seen several revisions over the years. In the 2002 revision, the value was Rs 101 per sq.ft, which increased significantly to Rs 328 per sq.ft in 2007. This was a change of +225%. The value then surged to Rs 1,500 per sq.ft in the 2012 revision, marking an increase of +357%. However, it dropped to Rs 1,005 per sq.ft in 2017, a decrease of -33%. The guideline value remained at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, showing no change between these years.

To summarize the changes, from 2017 to 2023, the value increased by +49%. Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by +1385%.

Guideline values in Nandhivaram

Nandhivaram has a total of 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value. The values range from Rs 1,000 to Rs 3,500 per sq.ft, with the median being Rs 1,500 per sq.ft. The guideline value for Krishnapuram 1 to 3 Main Road is equal to this median.

• Krishnapuram 1 to 3 Cross Streets: Rs 1,500 per sq.ft (2024)
• Krishnaveni Nagar: Rs 1,500 per sq.ft (2024)
• Kubera Nagar (Near by G.S.T Road): 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 Main Road

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 be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for these fees to Rs 1,35,000. It is important to note that 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 Main Road?

The Sub Registrar Office that covers Krishnapuram 1 to 3 Main Road is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-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 is a crucial factor when buying or selling property in Nandhivaram. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Krishnapuram 1 to 3 Main Road?

The current guideline value for Krishnapuram 1 to 3 Main Road 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 significantly from Rs 101 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, marking an overall increase of +1385%.

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

For a 1,000 sq.ft property valued at Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000, with stamp duty at Rs 1,05,000 and registration fees at Rs 30,000, totaling Rs 1,35,000.

Which office handles property registrations in Nandhivaram?

The Gooduvancheri Sub Registrar Office handles property registrations in Nandhivaram, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202.

What is the range of guideline values for other streets in Nandhivaram?

The guideline values for other streets in Nandhivaram range from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft.