Guideline Value for KRISHNA NAGAR SECOND MAIN ROAD

Krishna Nagar Second Main Road guideline value

The current guideline value of Krishna Nagar Second Main Road is Rs 1,650 per sq.ft. This road is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Krishna Nagar Second Main Road has changed

The guideline value for Krishna Nagar Second Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from Rs 1,005 per sq.ft in the 2017 revision. The 2023 revision increased this value to Rs 1,500 per sq.ft. The most recent 2024 revision has further increased the value to Rs 1,650 per sq.ft, marking a 10% rise from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The 2017 revision does not have a figure for this street, and the register has no figures for the years 2002, 2003, and 2007.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for this area is Rs 1,650 per sq.ft, which is the same as the current value for Krishna Nagar Second Main Road.

• Krishna Nagar Main Road: Rs 1,650 per sq.ft (2024)
• Krishna Nagar Gandhi Street: Rs 1,650 per sq.ft (2024)
• Krishna Nagar Cross Street: Rs 1,650 per sq.ft (2024)
• Krishna Nagar 3rd Street: Rs 1,650 per sq.ft (2024)
• KRISHNA NAGAR 3rd CROSS STREET.: Rs 1,650 per sq.ft (2024)
• KRISHNA NAGAR 2nd CROSS STREET.: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar Second Main Road

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total Rs 1,48,500. It is important to note that 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 details.

Which Sub Registrar Office covers Krishna Nagar Second Main Road?

The Sub Registrar Office that covers Krishna Nagar Second Main Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Krishna Nagar Second Main Road?

The current guideline value of Krishna Nagar Second Main Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase. The value was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012, showing significant changes over the years.

What is the stamp duty for property in Krishna Nagar Second Main Road?

The stamp duty for property in Krishna Nagar Second Main Road is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500.

Where is the Sub Registrar Office for Krishna Nagar Second Main Road?

The Sub Registrar Office for Krishna Nagar Second Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

What is the land classification for Krishna Nagar Second Main Road?

The land classification for Krishna Nagar Second Main Road is Residential Class IV Type - I, indicating its suitability for residential development.