Guideline Value for KRISHNA GARDEN

Krishna Garden guideline value

The current guideline value of Krishna Garden is Rs 600 per sq.ft, effective from the 2024 revision. This property is located in Athur A Block village under the Chengleput Joint II SRO, classified as Mixed Type - I.

How the guideline value of Krishna Garden has changed

Over the years, the guideline value of Krishna Garden has seen several revisions. The 2007 revision set the value at Rs 75 per sq.ft, which then increased significantly to Rs 600 per sq.ft in the 2012 revision. However, the value decreased to Rs 402 per sq.ft in the 2017 revision before remaining steady at Rs 600 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for the years 2002 and 2003 for this street.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. The overall increase from the 2007 revision to the 2024 revision is 700%, reflecting a significant change in the guideline value over the years.

Guideline values in Athur A Block

Athur A Block has 44 streets under the Chengleput Joint II SRO with 2024 guideline values ranging from Rs 300 to Rs 1,525 per sq.ft. The median value for these streets is Rs 600 per sq.ft, making Krishna Garden's guideline value equal to the median.

• Kannappa Nagar: Rs 600 per sq.ft (2024)
• Majestic Avenue Phase -I: Rs 300 per sq.ft (2024)
• Majestic Avenue Phase-II: Rs 300 per sq.ft (2024)
• Mountain View: Rs 500 per sq.ft (2024)
• Mubarak Naagr: Rs 600 per sq.ft (2024)
• Golden Lane: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, leading to a total of Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishna Garden?

The Krishna Garden property falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur A Block

The guideline value is a crucial factor in property transactions in Athur A Block, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the stamp duty and registration fees applicable during the transaction.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. Therefore, understanding the guideline value is essential for both buyers and sellers to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Krishna Garden?

The current guideline value of Krishna Garden is Rs 600 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 75 per sq.ft in 2007, rising to Rs 600 per sq.ft in 2012, then decreasing to Rs 402 per sq.ft in 2017, and remaining at Rs 600 per sq.ft in both 2023 and 2024.

What is the stamp duty rate for property in Krishna Garden?

The stamp duty rate for property in Krishna Garden is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Krishna Garden located?

The Chengleput Joint II Sub Registrar Office, which covers Krishna Garden, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

What is the land classification of Krishna Garden?

Krishna Garden is classified as Mixed Type - I, which indicates the type of development permissible in the area.