Guideline Value for SOUTH KRISHNAN STREET

South Krishnan Street guideline value

The current guideline value of South Krishnan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village and falls under the Kanchipuram Joint I SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of South Krishnan Street has changed

The guideline value for South Krishnan Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft, a decrease of 33%. In the following revisions, the value rose significantly; by 2023, it had increased to Rs 1,000 per sq.ft, and then to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 regarding the guideline value of South Krishnan Street. The overall change from the 2012 revision to the 2024 revision indicates a modest increase of 10% over the twelve-year period.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing South Krishnan Street's 2024 figure below that median.

• Sri Ammbal Nagar: Rs 1,100 per sq.ft (2024)
• Sengaluneerodai Street: Rs 2,750 per sq.ft (2024)
• Sathhan Kuttai Street: Rs 1,650 per sq.ft (2024)
• Sarvatheertham Vadakarai Street: Rs 1,210 per sq.ft (2024)
• Sarvatheertham Thenkarai Street: Rs 1,210 per sq.ft (2024)
• Sarvatheertham Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in South Krishnan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers South Krishnan Street?

The Sub Registrar Office that covers South Krishnan Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Kanchipuram Town. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of South Krishnan Street?

The current guideline value of South Krishnan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 in 2023, and finally to Rs 1,100 in 2024. This shows fluctuations over the years, with a significant increase from 2017 to 2023.

What is the land classification for South Krishnan Street?

South Krishnan Street is classified as Residential Class III Type - III, indicating its suitability for residential development.

Where can I find more information about the Kanchipuram Joint I SRO?

More information about the Kanchipuram Joint I SRO can be found by visiting the official website or using the find your SRO link.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 11,00,000, the stamp duty at 7% would amount to Rs 77,000.