Guideline Value for Krishnasamy Street, Muthamiaz Nagar

Krishnasamy Street, Muthamiaz Nagar guideline value

The current guideline value of Krishnasamy Street, Muthamiaz Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Krishnasamy Street, Muthamiaz Nagar has changed

Over the years, the guideline value for Krishnasamy Street has seen several revisions. The 2017 revision set the value at Rs 1,507 per sq.ft, which increased to Rs 2,250 per sq.ft in 2023. The most recent revision in 2024 raised it further to Rs 2,475 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, indicating a significant rise in the value over that period.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Krishnasamy Street's 2024 figure above the median.

• Krishnan Street, Nehru Nagar: Rs 2,200 per sq.ft (2024)
• Krishnan Street (N.D.) Pasumpon Nagar: Rs 2,200 per sq.ft (2024)
• Krishnan Street (G) Lord Srinivasa Colony: Rs 2,200 per sq.ft (2024)
• Krishna Nagar, 6th Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar, 5th Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar / 5th Cross Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnasamy Street, Muthamiaz Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total to Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishnasamy Street, Muthamiaz Nagar?

The Sub Registrar Office that covers Krishnasamy Street, Muthamiaz Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pammal. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Krishnasamy Street, Muthamiaz Nagar?

The current guideline value of Krishnasamy Street, Muthamiaz Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,507 per sq.ft to Rs 2,475 per sq.ft in 2024, marking an overall increase of 64%.

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

Other streets in Pammal include Krishnan Street, Nehru Nagar; Krishnan Street (N.D.) Pasumpon Nagar; and Krishna Nagar, with values ranging from Rs 2,200 to Rs 2,530 per sq.ft.

What is the stamp duty for a property on Krishnasamy Street?

The stamp duty for a property on Krishnasamy Street is calculated at 7% of the guideline value, which would be Rs 1,73,250 for a 1,000 sq.ft plot at the current guideline value.

Where can I find the Sub Registrar Office for Krishnasamy Street?

The Sub Registrar Office for Krishnasamy Street, Muthamiaz Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.