Guideline Value for KRISHNA GARDEN

Krishna Garden guideline value

The current guideline value of Krishna Garden, located in Nelllikuppam village under the Thiruporur SRO, is Rs 1,200 per sq.ft. This value is classified under Mixed Special Type - I land classification. The guideline value is effective from 1 July 2024, following the latest revision.

How the guideline value of Krishna Garden has changed

In the 2023 revision, the guideline value for Krishna Garden was Rs 1,200 per sq.ft, which remains unchanged in the 2024 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, from 2023 to 2024, there was a change of +0%. The consistency in the guideline value indicates stability in the pricing for this area over the past two revisions.

Guideline values in Nelllikuppam

In Nelllikuppam, there are 45 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,600 per sq.ft, with a median of Rs 1,000 per sq.ft. Krishna Garden's guideline value of Rs 1,200 per sq.ft is above this median.

• Jpm Nagar: Rs 1,200 per sq.ft (2024)
• Metro City: Rs 804 per sq.ft (2024)
• Harini City's - The Palace Phase II: Rs 804 per sq.ft (2024)
• Harini City"s The Palace: Rs 804 per sq.ft (2024)
• Harani City: Rs 1,000 per sq.ft (2024)
• Green City: Rs 1,600 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 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Krishna Garden?

The Sub Registrar Office that covers Krishna Garden is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Nelllikuppam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Krishna Garden?

The current guideline value of Krishna Garden is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Krishna Garden has remained unchanged at Rs 1,200 per sq.ft from 2023 to 2024. The register does not provide figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Krishna Garden?

Krishna Garden is classified under Mixed Special Type - I land classification. This classification can affect the types of developments allowed in the area.

Where can I find the Sub Registrar Office for Krishna Garden?

The Thiruporur Sub Registrar Office covers Krishna Garden, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,200 per sq.ft, the total fees would amount to Rs 1,08,000.