Guideline Value for KRISHNA NAGAR (A) ANNA NAGAR

Krishna Nagar (A) Anna Nagar guideline value

The current guideline value of Krishna Nagar (A) Anna Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Sirupinayoor, Thiruvanthavar, Perungazhi village, under the Salavakkam SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Krishna Nagar (A) Anna Nagar has changed

The guideline value for Krishna Nagar (A) Anna Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 150 per sq.ft. The 2017 revision marked a decrease to Rs 100 per sq.ft, reflecting a -33% change from the previous figure. The overall change from the 2012 revision to the 2024 revision is +0%.

From the 2017 revision to the 2023 revision, there was a significant increase of +50%, bringing the value back to Rs 150 per sq.ft. It is important to note that the guideline value register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sirupinayoor,Thiruvanthavar,Perungazhi

In Sirupinayoor, Thiruvanthavar, Perungazhi, there are 36 streets under the Salavakkam SRO that carry a 2024 guideline value. The values range from Rs 100 to Rs 1,000 per sq.ft, with the median being Rs 150 per sq.ft. Krishna Nagar (A) Anna Nagar's current guideline value matches this median.

• Krishna Thulasi: Rs 100 per sq.ft (2024)
• Krishna Nagar: Rs 150 per sq.ft (2024)
• Kuberan Garden: Rs 150 per sq.ft (2024)
• Krishna Brindavan: Rs 100 per sq.ft (2024)
• Mamandur New City: Rs 150 per sq.ft (2024)
• JV promoter's in PTC nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar (A) Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Krishna Nagar (A) Anna Nagar?

The Sub Registrar Office that covers Krishna Nagar (A) Anna Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sirupinayoor,Thiruvanthavar,Perungazhi

The guideline value plays a crucial role during property transactions in Sirupinayoor, Thiruvanthavar, Perungazhi. It is used to determine the stamp duty and registration fees applicable when registering a property. Buyers and sellers should be aware that the guideline value is often considered the minimum value for the property being sold.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees. If the sale price is higher than the guideline value, the stamp duty is charged on the sale price instead. This ensures that the government collects the appropriate fees based on the higher of the two values.

Frequently asked questions

What is the current guideline value of Krishna Nagar (A) Anna Nagar?

The current guideline value of Krishna Nagar (A) Anna Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024, reflecting a +50% change from 2017 to 2023.

What is the registration fee for a property in Krishna Nagar (A) Anna Nagar?

The registration fee is 2% of the guideline value. For a property valued at Rs 1,50,000, the registration fee would be Rs 3,000.

Where is the Sub Registrar Office for Krishna Nagar (A) Anna Nagar located?

The Salavakkam Sub Registrar Office is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500.