Guideline Value for KRISHNA NAGAR PHASE III

Krishna Nagar Phase III guideline value

The current guideline value of Krishna Nagar Phase III is Rs 1,800 per sq.ft, effective from 1 July 2024. This area is located in Parivakkam village under the Poonamallee SRO and is classified as Residential Class I Type - II.

How the guideline value of Krishna Nagar Phase III has changed

The guideline value for Krishna Nagar Phase III has remained consistent over the years. The 2017 revision recorded a guideline value of Rs 1,800 per sq.ft, which was also maintained in the 2023 revision. The latest revision in 2024 continues this figure, showing no change from the previous years.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Thus, the revisions that have been documented are limited to 2017, 2023, and 2024, all reflecting a guideline value of Rs 1,800 per sq.ft.

Guideline values in Parivakkam

In Parivakkam, there are 31 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 6,750 per sq.ft. The median value for these streets is Rs 1,800 per sq.ft, which is equal to the current guideline value for Krishna Nagar Phase III.

• Krishna Nagar Phase II: Rs 1,800 per sq.ft (2024)
• Krishna Nagar Phase IV: Rs 1,800 per sq.ft (2024)
• Krishna Nagar Phase I: Rs 1,800 per sq.ft (2024)
• Krishna Nagar Phase V: Rs 1,800 per sq.ft (2024)
• Krishna Nagar Phase VI: Rs 1,800 per sq.ft (2024)
• Krishna Nagar Phase VII: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at a rate of 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishna Nagar Phase III?

The Krishna Nagar Phase III area falls under the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Parivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline value.

Frequently asked questions

What is the current guideline value of Krishna Nagar Phase III?

The current guideline value of Krishna Nagar Phase III is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Krishna Nagar Phase III has remained at Rs 1,800 per sq.ft since the 2017 revision, with no changes noted in the revisions of 2023 and 2024.

What is the land classification for Krishna Nagar Phase III?

Krishna Nagar Phase III is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty rates for property in Krishna Nagar Phase III?

The stamp duty for property transactions in Krishna Nagar Phase III is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Krishna Nagar Phase III?

The Poonamallee Sub Registrar Office covers Krishna Nagar Phase III, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.