Guideline Value for KRISHNA NAGAR PHASE V

Krishna Nagar Phase V guideline value

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

How the guideline value of Krishna Nagar Phase V has changed

Since the 2017 revision, the guideline value for Krishna Nagar Phase V has remained consistent at Rs 1,800 per sq.ft. The 2023 revision also maintained this figure, and the most recent 2024 revision continues with the same guideline value. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 to 2024 period, there has been no change in the guideline value, with a consistent rate of Rs 1,800 per sq.ft throughout these revisions. The changes between the revisions from 2023 to 2024 and from 2017 to 2023 also reflect a 0% increase.

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 2024 figure for Krishna Nagar Phase V.

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

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

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 and 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 V?

The Sub Registrar Office covering Krishna Nagar Phase V is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056, Chennai registration zone. 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 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 must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the appropriate taxes are collected based on the established rates. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Since 2017, the guideline value for Krishna Nagar Phase V has remained at Rs 1,800 per sq.ft through the revisions in 2017, 2023, and 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What are the stamp duty and registration fees for properties in Krishna Nagar Phase V?

The stamp duty for properties in Krishna Nagar Phase V is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,62,000.

Which office handles property registrations in Krishna Nagar Phase V?

The Poonamallee Sub Registrar Office handles property registrations for Krishna Nagar Phase V. It is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the guideline value determined for properties in Parivakkam?

The guideline value in Parivakkam is determined based on various factors, including land classification and locality. It is updated periodically by the Registration Department to reflect current market conditions and is used for calculating stamp duty and registration fees.