Guideline Value for SHRI KRISHNA STREET

Shri Krishna Street guideline value

The current guideline value of Shri Krishna Street in Pallikaranai village, under the Chennai South Joint I SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - II land classification.

How the guideline value of Shri Krishna Street has changed

The guideline value for Shri Krishna Street has undergone several revisions over the years. In 2002, the guideline value was Rs 78 per sq.ft, which increased to Rs 100 per sq.ft in 2003, marking a change of +28%. The value further rose significantly to Rs 400 per sq.ft in 2007, reflecting a substantial increase of +300%. By 2012, the guideline value remained at Rs 1,200 per sq.ft, with no change recorded until 2023. In 2023, the value was again Rs 1,200 per sq.ft, and it saw a rise to Rs 1,320 per sq.ft in 2024, indicating a change of +10%.

It is important to note that the register does not have a figure for this street for the year 2017. Overall, from 2002 to 2024, the guideline value has increased by +1592%.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Shri Krishna Street's 2024 figure below that median.

• Shri Krishna Nagar Extn.: Rs 1,320 per sq.ft (2024)
• Shri Nagar: Rs 1,320 per sq.ft (2024)
• Shri Nagar Extn.: Rs 1,320 per sq.ft (2024)
• Shri Parthasarathy Street: Rs 1,320 per sq.ft (2024)
• Shri Sai Baba Nagar: Rs 1,650 per sq.ft (2024)
• Shri Krishna Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Shri Krishna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty, charged at 7%, would be Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, these fees amount to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Shri Krishna Street?

Shri Krishna Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Shri Krishna Street?

The current guideline value of Shri Krishna Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 78 per sq.ft to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of +1592%.

What is the land classification for Shri Krishna Street?

Shri Krishna Street falls under the Residential Class IV Type - II land classification.

What are the stamp duty and registration fees for a property on Shri Krishna Street?

The stamp duty is 7% and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees amount to Rs 1,18,800.

Which Sub Registrar Office is responsible for Shri Krishna Street?

The Chennai South Joint I Sub Registrar Office is responsible for Shri Krishna Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.