Guideline Value for KRISHNA NAGAR PERIYAR SALAI

Krishna Nagar Periyar Salai guideline value

The current guideline value of Krishna Nagar Periyar Salai is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Krishna Nagar Periyar Salai has changed

The guideline value for Krishna Nagar Periyar Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,541 per sq.ft. The value remained at Rs 2,300 per sq.ft until the 2023 revision, which increased it to Rs 2,300 per sq.ft. The most recent 2024 revision has raised the value to Rs 2,530 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO, with a 2024 guideline value range from Rs 1,100 to Rs 12,800 per sq.ft. The median value is Rs 2,530 per sq.ft, which is equal to the guideline value of Krishna Nagar Periyar Salai for 2024.

• Krishna Nagar 5th Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar 4th Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar 3rd Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar 2nd Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar 1st Street: Rs 2,530 per sq.ft (2024)
• Krishna Enclave Main Salai: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar Periyar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, totaling Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishna Nagar Periyar Salai?

The Krishna Nagar Periyar Salai falls under the jurisdiction of 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 further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it impacts the overall costs involved in the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used to calculate the applicable duties.

Frequently asked questions

What is the current guideline value of Krishna Nagar Periyar Salai?

The current guideline value of Krishna Nagar Periyar Salai is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2023 to Rs 2,530 per sq.ft in 2024, reflecting a 10% increase. From 2017 to 2023, it increased by 49%, while the value dropped from Rs 2,300 in 2012 to Rs 1,541 in 2017.

What are the other streets in Manapakkam with the same guideline value?

Other streets in Manapakkam with the same guideline value of Rs 2,530 per sq.ft include Krishna Nagar 5th Street, 4th Street, 3rd Street, 2nd Street, and 1st Street.

What is the registration fee for properties in Krishna Nagar Periyar Salai?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 25,30,000, the registration fee at 2% would be Rs 50,600.

Where can I find the Sub Registrar Office for Krishna Nagar Periyar Salai?

The Sub Registrar Office covering Krishna Nagar Periyar Salai is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find more details online.