Guideline Value for KRISHNA NAGAR CROSS STREET

Krishna Nagar Cross Street guideline value

The current guideline value for Krishna Nagar Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village under the Chennai South Joint I SRO, with a land classification of Residential Class IV Type - I.

How the guideline value of Krishna Nagar Cross Street has changed

Looking at the revisions, the guideline value for Krishna Nagar Cross Street was Rs 1,500 per sq.ft in the 2012 revision and remained unchanged in the 2023 revision. However, with the 2024 revision, the value increased to Rs 1,650 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the guideline value for Krishna Nagar Cross Street.

• Krishna Nagar Gandhi Street: Rs 1,650 per sq.ft (2024)
• Krishna Nagar Main Road: Rs 1,650 per sq.ft (2024)
• Krishna Nagar 3rd Street: Rs 1,650 per sq.ft (2024)
• KRISHNA NAGAR 3rd CROSS STREET.: Rs 1,650 per sq.ft (2024)
• Krishna Nagar Second Main Road: Rs 1,650 per sq.ft (2024)
• KRISHNA NAGAR 2nd CROSS STREET.: Rs 1,650 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Krishna Nagar Cross Street?

The Sub Registrar Office that covers Krishna Nagar Cross Street is 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 Pallikaranai

The guideline value is a crucial factor in the registration process of property transactions in Pallikaranai. It helps determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded at a value recognized by the government. This process helps maintain transparency and legality in property transactions.

Frequently asked questions

What is the current guideline value for Krishna Nagar Cross Street?

The current guideline value for Krishna Nagar Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, marking a 10% increase. There were no changes recorded for this street in the years 2002, 2003, 2007, and 2017.

What is the median guideline value in Pallikaranai?

The median guideline value in Pallikaranai is Rs 1,650 per sq.ft, which is the same as the current value for Krishna Nagar Cross Street.

Where is the Sub Registrar Office for Krishna Nagar Cross Street located?

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

How is stamp duty calculated for properties in Krishna Nagar Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 1,48,500 in duties and fees.