Guideline Value for Sri Krishna Avenue

Sri Krishna Avenue guideline value

The current guideline value of Sri Krishna Avenue is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, 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 several revisions over the years. In the 2012 revision, the value was Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision saw an increase to Rs 800 per sq.ft, and the most recent 2024 revision has set the value at Rs 880 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the 2012 revision to the current 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft, with a median value of Rs 870 per sq.ft. The guideline value for Sri Krishna Avenue is above this median.

• Sri Kamatchi Nagar: Rs 880 per sq.ft (2024)
• Sri Balaji Garden: Rs 804 per sq.ft (2024)
• Sri Balaji Co-operative Nagar: Rs 806 per sq.ft (2024)
• S.M. Nagar: Rs 880 per sq.ft (2024)
• Sri Sastha Nagar: Rs 803 per sq.ft (2024)
• S.K. Nagar: Rs 806 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 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Krishna Avenue?

The Sub Registrar Office that covers Sri Krishna Avenue is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor during the registration of property transactions in Kovilpathagai. It determines the minimum value at which properties can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is documented at a recognized value, which helps in maintaining transparency and consistency in property dealings. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during 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 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification of Sri Krishna Avenue?

Sri Krishna Avenue is classified as Residential Class II Type - I under the Ambattur SRO.

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

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Sri Krishna Avenue?

The Ambattur Sub Registrar Office handles registrations for Sri Krishna Avenue, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.