Guideline Value for SRI KRISHNA AVENUE

Sri Krishna Avenue guideline value

The current guideline value of Sri Krishna Avenue in Kaniambakkam village is Rs 100 per sq.ft, effective from 1 July 2024. This property falls under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Sri Krishna Avenue has changed

The guideline value for Sri Krishna Avenue has seen significant changes over the years. The 2017 revision set the value at Rs 67 per sq.ft, which was then revised to Rs 100 per sq.ft in 2023. The 2024 revision maintains the same value of Rs 100 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase as well, reflecting the same figures in the last two revisions.

Guideline values in Kaniambakkam

In Kaniambakkam, there are 8 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft. The median value is Rs 100 per sq.ft, which is equal to the guideline value of Sri Krishna Avenue.

• Sri Balaji Nagar: Rs 100 per sq.ft (2024)
• Sai Hari Nagar: Rs 100 per sq.ft (2024)
• Kumaran Nagar: Rs 125 per sq.ft (2024)
• Gowtham Nagar: Rs 100 per sq.ft (2024)
• Bharathi Nagar: Rs 100 per sq.ft (2024)
• Annai Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Krishna Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Krishna Avenue?

The Sri Krishna Avenue falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Kaniambakkam. It serves as a reference point for determining the stamp duty and registration fees payable at the time of registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the Registration Department. This value is crucial for both buyers and sellers to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Sri Krishna Avenue?

The current guideline value of Sri Krishna Avenue is Rs 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 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and remains the same in 2024. There have been no figures for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification for Sri Krishna Avenue?

Sri Krishna Avenue is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in Sri Krishna Avenue?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft property at Rs 100 per sq.ft would incur a total fee of Rs 9,000.

Which office handles the registration for Sri Krishna Avenue?

The Ponneri Sub Registrar Office handles the registration for Sri Krishna Avenue, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.