Guideline Value for Krishnasamy Street

Krishnasamy Street guideline value

The current guideline value of Krishnasamy Street is Rs 880 per sq.ft. This street is located in Ist Division village under the Kanchipuram Joint IV SRO, classified as Residential Class II Type - I.

How the guideline value of Krishnasamy Street has changed

The guideline value for Krishnasamy Street has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in 2017. The 2023 revision saw an increase to Rs 800 per sq.ft, and the most recent 2024 revision has set the value at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the current guideline value of Krishnasamy Street.

• Kumaran Nagar: Rs 880 per sq.ft (2024)
• Kosa Street @ ThiruNeelakandar Street: Rs 800 per sq.ft (2024)
• K.M.V.Nagar: Rs 880 per sq.ft (2024)
• K.M.Avenue: Rs 880 per sq.ft (2024)
• Lakshmi Nagar: Rs 880 per sq.ft (2024)
• Kavalar Housing Board: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. Note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishnasamy Street?

The Sub Registrar Office that covers Krishnasamy Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Ist Division. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties agree on a fair price for the transaction. It is essential for buyers to be aware of the guideline value to avoid underreporting the sale price, which could lead to penalties or additional fees during registration.

Frequently asked questions

What is the current guideline value of Krishnasamy Street?

The current guideline value of Krishnasamy Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Krishnasamy Street?

Krishnasamy Street is classified as Residential Class II Type - I under the Kanchipuram Joint IV SRO.

What are the stamp duty and registration fees for properties on Krishnasamy Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Krishnasamy Street?

The Kanchipuram Joint IV Sub Registrar Office handles registrations for Krishnasamy Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.