Guideline Value for Krishnapuram

Krishnapuram guideline value

The current guideline value of Krishnapuram, located in Zaminpallavaram village under the Pallavaram SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Krishnapuram has changed

Over the years, the guideline value of Krishnapuram has seen significant changes. The earliest recorded figure in 2003 was Rs 185 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a substantial rise of 224%. By 2012, the value remained unchanged at Rs 2,500 per sq.ft. The next revision in 2023 saw the value again at Rs 2,500 per sq.ft, indicating no change from the previous revision.

The most recent revision in 2024 brought the guideline value up to Rs 2,750 per sq.ft, reflecting a 10% increase from the 2023 figure. Overall, from 2003 to 2024, the guideline value has increased by 1386%.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Krishnapuram's 2024 figure below this median.

• Krishnaswamy Street: Rs 3,850 per sq.ft (2024)
• Krishna Nagar Harijan Colony: Rs 2,750 per sq.ft (2024)
• Krishna Nagar 4th Street: Rs 2,750 per sq.ft (2024)
• Krishna Nagar 3rd Street: Rs 2,750 per sq.ft (2024)
• Krishna Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Krishna Nagar 1st Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost for these fees to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Krishnapuram?

The Sub Registrar Office that covers Krishnapuram is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Zaminpallavaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, the guideline value helps determine the minimum value at which the property must be registered, providing a legal framework for property transactions in the area.

Frequently asked questions

What is the current guideline value of Krishnapuram?

The current guideline value of Krishnapuram is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 185 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, showing a significant overall increase of 1386%.

What are the other streets in Zaminpallavaram with their guideline values?

Other streets in Zaminpallavaram include Krishnaswamy Street at Rs 3,850 per sq.ft, and several streets in Krishna Nagar, all at Rs 2,750 per sq.ft.

What fees are associated with property registration in Krishnapuram?

For a property in Krishnapuram, the total stamp duty and registration fees can amount to Rs 2,47,500 based on the current guideline value for a 1,000 sq.ft plot.

Where can I find the Sub Registrar Office for Krishnapuram?

The Sub Registrar Office for Krishnapuram is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.