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Guideline Value

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Guideline Value for KRISHNA NAGAR 3RD CROSS STREET

₹1700/sq.ft.

The guideline value for Krishna Nagar 3rd Cross Street in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹316 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹283 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Nagar 3rd Cross Street

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Krishna Nagar 3rd Cross Street guideline value

The current guideline value of Krishna Nagar 3rd Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village under the Neelankarai SRO, and it falls under Residential Class IV Type - II land classification.

How the guideline value of Krishna Nagar 3rd Cross Street has changed

The guideline value for Krishna Nagar 3rd Cross Street has seen several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 283 per sq.ft. This increased to Rs 316 per sq.ft in 2003. The following revisions show significant changes: in 2007, the value rose to Rs 700 per sq.ft, and by 2012, it increased to Rs 1,500 per sq.ft. However, the value then dropped to Rs 1,005 per sq.ft in 2017. The most recent revisions show a rise to Rs 1,500 per sq.ft in 2023, and the current value is Rs 1,700 per sq.ft as of the 2024 revision.

From 2017 to 2023, there was a 49% increase in the guideline value. The increase from 2023 to 2024 is 13%. Notably, the guideline value has increased overall by 501% from 2002 to 2024.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Krishna Nagar 3rd Cross Street is below this median.

Stamp duty and registration fee for property in Krishna Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Krishna Nagar 3rd Cross Street?

The Krishna Nagar 3rd Cross Street is covered by the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Palavakkam. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling a property, it is essential to consider the guideline value as it impacts the stamp duty and registration fees. Buyers must be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Krishna Nagar 3rd Cross Street?

The current guideline value of Krishna Nagar 3rd Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 283 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, showing an overall increase of 501% over this period.

What is the median guideline value in Palavakkam?

The median guideline value in Palavakkam is Rs 3,300 per sq.ft for the year 2024, while Krishna Nagar 3rd Cross Street's value is below this median.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property at the current guideline value, the total fees would be Rs 1,53,000.

Which office handles property registrations for Krishna Nagar 3rd Cross Street?

The Neelankarai Sub Registrar Office handles property registrations for Krishna Nagar 3rd Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.