Guideline Value

Corporate

Guideline Value for KRISHNA INDUSTRIES

₹1100/sq.ft.

The guideline value for Krishna Industries in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹99 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹86 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Krishna Industries

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Krishna Industries guideline value

The current guideline value for Krishna Industries, located in Vanagaram village under the Chennai South Joint I SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Krishna Industries has changed

The guideline value for Krishna Industries has seen several revisions over the years. In 2002, the guideline value was Rs 86 per sq.ft, which increased to Rs 99 per sq.ft in 2003. Following that, there was a significant rise to Rs 500 per sq.ft in 2007, and it further increased to Rs 1,000 per sq.ft in 2012. However, the value dropped to Rs 670 per sq.ft in 2017. In 2023, the guideline value was Rs 1,000 per sq.ft, and as of the 2024 revision, it stands at Rs 1,100 per sq.ft. Overall, from 2002 to 2024, the guideline value has increased by 1179%.

The changes between revisions reflect a varied growth pattern. From 2002 to 2003, the value rose by 15%, and from 2003 to 2007, it surged by 405%. The increase from 2007 to 2012 was 100%, but a decrease of 33% was observed from 2012 to 2017. The value then climbed by 49% from 2017 to 2023, and the latest revision from 2023 to 2024 shows a 10% increase.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value for the area is Rs 1,660 per sq.ft, making the current guideline value for Krishna Industries below this median.

Stamp duty and registration fee for property in Krishna Industries

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishna Industries?

The Krishna Industries property falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vanagaram. It serves as a reference for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value is used to determine the minimum value for which the property can be registered. This means that even if the sale price is lower, the stamp duty will be calculated based on the guideline value, ensuring that all transactions are fairly assessed.

Frequently asked questions

What is the current guideline value for Krishna Industries?

The current guideline value for Krishna Industries is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 86 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1179%.

What is the land classification for Krishna Industries?

The land classification for Krishna Industries is Residential Class IV Type - III.

What are the other streets in Vanagaram with similar guideline values?

Other streets in Vanagaram with similar guideline values include Krishna Nagar and Kuppusamy Naickar Street, both at Rs 1,100 per sq.ft in 2024.

Where is the Sub Registrar Office for Krishna Industries located?

The Sub Registrar Office covering Krishna Industries is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.