Guideline Value for M.KRISHNASWAMI AVENUE

M.Krishnaswami Avenue guideline value

The current guideline value of M.Krishnaswami Avenue is Rs 501 per sq.ft, effective from 1 July 2024. This street is located in Thadaperumbakkam village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of M.Krishnaswami Avenue has changed

The guideline value for M.Krishnaswami Avenue has undergone significant changes over the years. The register does not provide figures for the revisions in 2002, 2003, 2007, 2012, and 2017. However, in the 2023 revision, the guideline value was Rs 200 per sq.ft, which increased to Rs 501 per sq.ft in the 2024 revision, marking a change of +151%.

This substantial increase reflects the current valuation trends in the area. The 2024 figure of Rs 501 per sq.ft aligns with the median value of Rs 501 per sq.ft for the 50 streets in Thadaperumbakkam that have a 2024 guideline value.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, the guideline values range from Rs 500 to Rs 1,500 per sq.ft, with the median being Rs 501 per sq.ft. M.Krishnaswami Avenue's 2024 guideline value is equal to this median.

• Mahaveer Nagar: Rs 501 per sq.ft (2024)
• Logambigai Avenue: Rs 600 per sq.ft (2024)
• Pallavan Nagar: Rs 501 per sq.ft (2024)
• Kotteeswara Rao Nagar: Rs 600 per sq.ft (2024)
• Pon Nagar: Rs 501 per sq.ft (2024)
• Pon Nagar Garden: Rs 501 per sq.ft (2024)

Stamp duty and registration fee for property in M.Krishnaswami Avenue

For a 1,000 sq.ft plot at the current rate of Rs 501 per sq.ft, the guideline value amounts to Rs 5,01,000. The stamp duty at 7% would be Rs 35,070, and the registration fee at 2% would be Rs 10,020, bringing the total to Rs 45,090. It is important to note that the 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 details.

Which Sub Registrar Office covers M.Krishnaswami Avenue?

The M.Krishnaswami Avenue falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Thadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the transaction process.

When a property is bought or sold, the guideline value ensures that the transaction is recorded at a fair valuation, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of M.Krishnaswami Avenue?

The current guideline value of M.Krishnaswami Avenue is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a significant increase from Rs 200 per sq.ft in 2023 to Rs 501 per sq.ft in 2024, marking a change of +151%.

What is the land classification for M.Krishnaswami Avenue?

M.Krishnaswami Avenue is classified as Residential Class II Type - I.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in M.Krishnaswami Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 45,090 in duties and fees.