Guideline Value for Krishnasamy masthri Street

Krishnasamy masthri Street guideline value

The current guideline value of Krishnasamy masthri Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Krishnasamy masthri Street has changed

The guideline value for Krishnasamy masthri Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,300 per sq.ft, which then dropped to Rs 2,211 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,300 per sq.ft, and the most recent 2024 revision has further increased it to Rs 3,600 per sq.ft.

Between the 2023 and 2024 revisions, there was an increase of 9%. From 2017 to 2023, the value increased by 49%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value of Krishnasamy masthri Street is equal to this median.

• KrishnaThirai Arangam Street: Rs 3,600 per sq.ft (2024)
• K.S.R.nagar: Rs 5,100 per sq.ft (2024)
• Krishna Nagar: Rs 2,000 per sq.ft (2024)
• Krishnamoorthy Street (ramapuram): Rs 3,600 per sq.ft (2024)
• Krishnaji sukkal Street: Rs 4,000 per sq.ft (2024)
• Krishna Iyer Street: Rs 4,000 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnasamy masthri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total fees to Rs 3,24,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishnasamy masthri Street?

The Sub Registrar Office that covers Krishnasamy masthri Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Ambattur. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When purchasing property, the guideline value is considered to ensure that the transaction is registered at a value that reflects the market conditions. This helps maintain transparency in property dealings and ensures that the correct amount of tax is paid to the government.

Frequently asked questions

What is the current guideline value of Krishnasamy masthri Street?

The current guideline value of Krishnasamy masthri Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, marking a 9% increase. It was Rs 2,211 per sq.ft in 2017, which shows a 49% increase to 2023.

What is the classification of Krishnasamy masthri Street?

Krishnasamy masthri Street is classified as Residential Class I Type - I.

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

The Sub Registrar Office for Krishnasamy masthri Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for property in Krishnasamy masthri Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000 at 7%.