Guideline Value for KRISHNA NAGAR PHASE VI

Krishna Nagar Phase VI guideline value

The current guideline value of Krishna Nagar Phase VI 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 VI has changed

The guideline value for Krishna Nagar Phase VI has remained consistent across several revisions. The 2017 revision recorded a guideline value of Rs 1,800 per sq.ft, which was the same in the subsequent 2023 revision. The latest revision in 2024 has also maintained this figure at Rs 1,800 per sq.ft, indicating no change over these years.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Therefore, we can only refer to the revisions from 2017 onwards, which have consistently shown 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 guideline value for 2024, ranging from Rs 660 to Rs 6,750 per sq.ft. The median value among these streets is Rs 1,800 per sq.ft, aligning perfectly with the guideline value of Krishna Nagar Phase VI.

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

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, leading to a total cost of 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 personalized calculations.

Which Sub Registrar Office covers Krishna Nagar Phase VI?

The Sub Registrar Office that covers Krishna Nagar Phase VI is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more information, you can 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 applicable to the transaction.

When registering a property, the guideline value ensures that the government receives the appropriate revenue based on the value of the property being transferred. Buyers and sellers should be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Krishna Nagar Phase VI 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 VI has remained at Rs 1,800 per sq.ft since 2017, with no changes recorded in the revisions for 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification of Krishna Nagar Phase VI?

Krishna Nagar Phase VI is classified as 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 VI?

The stamp duty for a property valued at Rs 18,00,000 is Rs 1,26,000, while the registration fee is Rs 36,000, making the total Rs 1,62,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Krishna Nagar Phase VI located?

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