Guideline Value for SRI KRISHNA KOIL ROAD

Sri Krishna Koil Road guideline value

The current guideline value of Sri Krishna Koil Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Enjambakkam village, under the Neelankarai SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sri Krishna Koil Road has changed

The guideline value for Sri Krishna Koil Road has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 750 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 167% rise. However, it then decreased to Rs 1,340 per sq.ft in 2017, reflecting a 33% drop. Following this, the value surged to Rs 2,000 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Sri Krishna Koil Road.

• Sri Narayana Nagar: Rs 2,800 per sq.ft (2024)
• Sri Babuji Nagar: Rs 3,900 per sq.ft (2024)
• Spring Dale Road & Swastik Avenue: Rs 3,900 per sq.ft (2024)
• SRI SAI BABA KOIL 1st CROSS STREET: Rs 3,300 per sq.ft (2024)
• Sri Sai Baba Koil Street: Rs 3,300 per sq.ft (2024)
• Somasudaram Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Krishna Koil Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. 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 Sri Krishna Koil Road?

The Sub Registrar Office that covers Sri Krishna Koil Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Enjambakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is essential for ensuring that the transaction is recorded correctly and that the appropriate taxes are levied.

When selling property, the guideline value can also influence the sale price, as it reflects the official valuation set by the government. Buyers and sellers should be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Sri Krishna Koil Road?

The current guideline value of Sri Krishna Koil Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 193% over the years.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office is responsible for Sri Krishna Koil Road?

The Neelankarai Sub Registrar Office covers Sri Krishna Koil Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Sri Krishna Koil Road?

The land classification for Sri Krishna Koil Road is Residential Class III Type - I.