Guideline Value for KRISHNA NAGAR PHASE II

Krishna Nagar Phase II guideline value

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

How the guideline value of Krishna Nagar Phase II has changed

The guideline value for Krishna Nagar Phase II has remained consistent across several revisions. The 2017 revision set the guideline value at Rs 1,800 per sq.ft, which continued unchanged in the 2023 revision. The most recent 2024 revision also maintains this figure at Rs 1,800 per sq.ft.

There are no registered figures for this street in the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has seen no changes, remaining at Rs 1,800 per sq.ft throughout this period.

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 guideline value for these streets is Rs 1,800 per sq.ft, which is equal to the current figure for Krishna Nagar Phase II.

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

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 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 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 Phase II?

The Sub Registrar Office covering Krishna Nagar Phase II is 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 is a critical factor during the registration of property transactions in Parivakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the guideline value to understand the financial implications of their transactions.

Frequently asked questions

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

The current guideline value of Krishna Nagar Phase II 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 II has remained at Rs 1,800 per sq.ft since the 2017 revision, with no changes noted in subsequent revisions up to 2024.

What is the land classification of Krishna Nagar Phase II?

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

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

For a property valued at Rs 18,00,000, the stamp duty is Rs 1,26,000 and the registration fee is Rs 36,000, totaling Rs 1,62,000. This is calculated based on the guideline value.

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

The Sub Registrar Office for Krishna Nagar Phase II is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.