Guideline Value for KRISHNA NAGAR Extension

KRISHNA NAGAR Extension guideline value

The current guideline value for KRISHNA NAGAR Extension is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Sothupuruampedu village, under the Redhills SRO, and is classified as Residential Special Type - I.

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 330 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 300 per sq.ft. Looking further back, the 2017 revision recorded a value of Rs 201 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision was Rs 300 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sothupuruampedu

In Sothupuruampedu, there are 15 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 110 to Rs 500 per sq.ft. The median value for these streets is Rs 220 per sq.ft, and KRISHNA NAGAR Extension's 2024 figure of Rs 330 per sq.ft is above this median.

• KRISHNA NAGAR: Rs 330 per sq.ft (2024)
• Lakshimiamman Koil Street: Rs 220 per sq.ft (2024)
• Kammaavarpalayam Street: Rs 220 per sq.ft (2024)
• Muthialamman Koil Street: Rs 220 per sq.ft (2024)
• Church Colony: Rs 110 per sq.ft (2024)
• Chakkilipalayam Street: Rs 110 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 rate of Rs 330 per sq.ft, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KRISHNA NAGAR Extension?

The KRISHNA NAGAR Extension is covered by the Redhills Sub Registrar Office, located at Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sothupuruampedu. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is legally recognized and documented.

Frequently asked questions

What is the current guideline value for KRISHNA NAGAR Extension?

The current guideline value for KRISHNA NAGAR Extension is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2023 to Rs 330 per sq.ft in 2024, a 10% increase. It was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012, reflecting a 49% increase from 2017 to 2023 and a decrease of 33% from 2012 to 2017.

What are the other streets in Sothupuruampedu?

Other streets in Sothupuruampedu include Lakshimiamman Koil Street, Kammaavarpalayam Street, Muthialamman Koil Street, Church Colony, and Chakkilipalayam Street, with guideline values ranging from Rs 110 to Rs 220 per sq.ft in 2024.

How is stamp duty calculated for properties in KRISHNA NAGAR Extension?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 330 per sq.ft, the stamp duty would be Rs 23,100.

Where can I find the Sub Registrar Office for KRISHNA NAGAR Extension?

The Redhills Sub Registrar Office covers KRISHNA NAGAR Extension, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.