Guideline Value for Krishnavenipuram

Krishnavenipuram guideline value

The current guideline value of Krishnavenipuram is Rs 400 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Class II Type - I.

How the guideline value of Krishnavenipuram has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 160 per sq.ft, which increased to Rs 400 per sq.ft in 2012, marking a substantial increase of 150%. However, in the 2017 revision, the value decreased to Rs 268 per sq.ft, a drop of 33%. The most recent revision in 2023 has brought the value back up to Rs 400 per sq.ft, representing an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 150%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Melakottyur

Currently, there are no specific village figures provided for Melakottyur. The guideline value for Krishnavenipuram is Rs 400 per sq.ft. There are no other streets in Melakottyur under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Krishnavenipuram

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value is Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishnavenipuram?

The Sub Registrar Office that covers Krishnavenipuram is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Melakottyur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When you buy or sell property in this area, it is essential to be aware of the current guideline value, as it impacts the overall cost of registration. The guideline value serves as a benchmark for both buyers and sellers during the transaction process.

Frequently asked questions

What is the current guideline value of Krishnavenipuram?

The current guideline value of Krishnavenipuram is Rs 400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 160 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and finally returned to Rs 400 per sq.ft in 2023.

What is the stamp duty rate for property in Krishnavenipuram?

The stamp duty rate for property transactions in Krishnavenipuram is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Melakottyur with guideline values?

Currently, there are no other streets in Melakottyur listed under the Gooduvancheri SRO with specific guideline values provided.