Guideline Value for KRISHNA NAGAR EXTENSION

Krishna Nagar Extension guideline value

The current guideline value of Krishna Nagar Extension is Rs 875 per sq.ft, effective from 1 July 2024. This area is located in Sevilimadu - A village, under the Kanchipuram Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Krishna Nagar Extension has changed

The guideline value for Krishna Nagar Extension has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 875 per sq.ft, an increase from the 2023 revision of Rs 800 per sq.ft, marking a change of +9%. The register does not have figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the last recorded figure was Rs 800 per sq.ft. The previous revisions do not provide specific figures for Krishna Nagar Extension, indicating a lack of recorded guideline values for those years.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO, with guideline values ranging from Rs 800 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which means Krishna Nagar Extension's 2024 figure is below that median.

• Krishna Nagar: Rs 875 per sq.ft (2024)
• Kumarakottam Nagar: Rs 1,100 per sq.ft (2024)
• Kuppusamy Nagar: Rs 1,100 per sq.ft (2024)
• Kanniyamma Nagar: Rs 800 per sq.ft (2024)
• Kamatchi Nagar: Rs 875 per sq.ft (2024)
• Jeeva Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 875 per sq.ft, the total guideline value would be Rs 8,75,000. The stamp duty at 7% would be Rs 61,250, and the registration fee at 2% would be Rs 17,500, bringing the total cost for these fees to Rs 78,750. It's important to note that the 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 information.

Which Sub Registrar Office covers Krishna Nagar Extension?

The Krishna Nagar Extension falls under the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value plays a crucial role in property transactions in Sevilimadu - A, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This value helps in establishing a transparent framework for property transactions within the region.

Frequently asked questions

What is the current guideline value of Krishna Nagar Extension?

The current guideline value of Krishna Nagar Extension is Rs 875 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 800 per sq.ft in 2023 to Rs 875 per sq.ft in 2024, which is a change of +9%.

What is the classification of land in Krishna Nagar Extension?

Krishna Nagar Extension is classified as Residential Class I Type - III under the Kanchipuram Joint II SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 78,750.

Where is the Sub Registrar Office for Krishna Nagar Extension located?

The Kanchipuram Joint II Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.