Guideline Value for KRISHNA NAGAR EXTN - I

Krishna Nagar Extn - I guideline value

The current guideline value of Krishna Nagar Extn - I is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Athur B Block village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Krishna Nagar Extn - I has changed

The guideline value for Krishna Nagar Extn - I has remained stable over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 700 per sq.ft, which is the same as the 2024 revision, indicating a change of +0% from 2023 to 2024.

As of the 2024 revision, the guideline value stands at Rs 700 per sq.ft, which reflects the median value for Athur B Block streets. This consistency in the guideline value suggests a stable pricing environment for properties in this area.

Guideline values in Athur B Block

Athur B Block contains 79 streets under the Chengleput Joint II SRO, with a guideline value range from Rs 268 to Rs 1,525 per sq.ft. The median value is Rs 700 per sq.ft, aligning with the 2024 figure for Krishna Nagar Extn - I. Below are the guideline values for other streets in Athur B Block:

• Kuberan Nagar: Rs 500 per sq.ft (2024)
• Krishna Garden: Rs 700 per sq.ft (2024)
• Mahalakshmi nagar: Rs 1,100 per sq.ft (2024)
• Kanchipuram High Road: Rs 1,100 per sq.ft (2024)
• Kamaraj Nagar: Rs 500 per sq.ft (2024)
• M.N. Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar Extn - I

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total cost for these fees Rs 63,000. It is 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 Extn - I?

The Sub Registrar Office that covers Krishna Nagar Extn - I is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a crucial factor in property transactions in Athur B Block, as it helps determine the stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately calculate the costs associated with property transactions.

When a property is sold, the guideline value serves as a reference point for the government to assess the appropriate taxes. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Krishna Nagar Extn - I?

The current guideline value of Krishna Nagar Extn - I is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable, with no figures available for the years 2002, 2003, 2007, 2012, and 2017. The value was Rs 700 per sq.ft in both the 2023 and 2024 revisions, indicating no change.

What is the median guideline value in Athur B Block?

The median guideline value in Athur B Block is Rs 700 per sq.ft, which is the same as the current guideline value for Krishna Nagar Extn - I.

Where can I find the Sub Registrar Office for Krishna Nagar Extn - I?

The Sub Registrar Office for Krishna Nagar Extn - I is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.