Guideline Value for KRISHNA NAGAR PHASE I

Krishna Nagar Phase I guideline value

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

How the guideline value of Krishna Nagar Phase I has changed

Over the years, the guideline value for Krishna Nagar Phase I has remained consistent. The 2017 revision recorded a guideline value of Rs 1,800 per sq.ft, which was maintained in the subsequent 2023 revision. The 2024 revision also reflects the same value of Rs 1,800 per sq.ft, indicating no change across these years.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions available are from 2017, 2023, and 2024, all showing the same guideline value of Rs 1,800 per sq.ft, resulting in a change of +0% between each of these revisions.

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 is Rs 1,800 per sq.ft, which is equal to the guideline value for Krishna Nagar Phase I.

• Krishna Nagar Phase II: 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 I

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 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 also use our stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Krishna Nagar Phase I?

The Sub Registrar Office that covers Krishna Nagar Phase I is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find more information about 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 property transactions in Parivakkam. It serves as a benchmark for calculating stamp duty and registration fees when buying or selling property. This value is used to ensure that the transaction is recorded accurately and in compliance with local regulations.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Krishna Nagar Phase I?

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

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 1,800 per sq.ft from 2017 to 2024, with no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Krishna Nagar Phase I?

The land classification for Krishna Nagar Phase I is Residential Class I Type - II.

Where is the Poonamallee Sub Registrar Office located?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is stamp duty calculated for property in Krishna Nagar Phase I?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,26,000.