Guideline Value

Corporate

Guideline Value for KRISHNA NAGAR PHASE IV

₹1800/sq.ft.

The guideline value for Krishna Nagar Phase Iv in Parivakkam village (Poonamallee SRO, Chennai zone) is Rs 1800 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Parivakkam

Village

Poonamallee

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1800 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1800 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Krishna Nagar Phase Iv

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Krishna Nagar Phase IV guideline value

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

In the guideline value register, the revisions for Krishna Nagar Phase IV show that the figures have remained consistent over the years. The 2017 revision recorded a guideline value of Rs 1,800 per sq.ft, which was carried forward to the 2023 revision, and again to the 2024 revision, maintaining the same value of Rs 1,800 per sq.ft. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2024 revision, there has been no change in the guideline value, with an overall increase of 0%. The same holds true for the transition from the 2023 revision to the 2024 revision, which also reflects a change of +0%.

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 matches the guideline value of Krishna Nagar Phase IV.

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

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, bringing the total fees to 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Krishna Nagar Phase IV?

The Sub Registrar Office that covers Krishna Nagar Phase IV is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Parivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process is aligned with the official valuation of the property in the area.

Frequently asked questions

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

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

How has the guideline value changed over the years?

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

What is the land classification for Krishna Nagar Phase IV?

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

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

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

How is stamp duty calculated for properties in Krishna Nagar Phase IV?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,800 per sq.ft, the total fees would amount to Rs 1,62,000.