Guideline Value for KRISHNA NAGAR PHASE VII

Krishna Nagar Phase VII guideline value

The current guideline value of Krishna Nagar Phase VII 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 is Residential Class I Type - II.

How the guideline value of Krishna Nagar Phase VII has changed

The guideline value for Krishna Nagar Phase VII has remained consistent across several revisions. The 2017 revision recorded a guideline value of Rs 1,800 per sq.ft, which was unchanged in the 2023 revision. The latest 2024 revision also lists the value at Rs 1,800 per sq.ft, marking no change from the previous year.

Additionally, there are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. Therefore, the overall change from 2017 to 2024 is +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 is Rs 1,800 per sq.ft, which is the same as the guideline value for Krishna Nagar Phase VII.

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

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

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 use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Krishna Nagar Phase VII?

The Sub Registrar Office that covers Krishna Nagar Phase VII 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 plays a crucial role during the registration of property transactions in Parivakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

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

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

What is the land classification for Krishna Nagar Phase VII?

The land classification for Krishna Nagar Phase VII is Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Krishna Nagar Phase VII?

For a 1,000 sq.ft plot at the guideline value of Rs 1,800 per sq.ft, the total guideline value is Rs 18,00,000. The stamp duty would be Rs 1,26,000, and the registration fee would be Rs 36,000, totaling Rs 1,62,000.

Which Sub Registrar Office covers the area of Krishna Nagar Phase VII?

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