Guideline Value for KRISHNA NAGAR/ EXT

Krishna Nagar/ Ext guideline value

The current guideline value of Krishna Nagar/ Ext is Rs 1,002 per sq.ft, effective from 1 July 2024. This street is located in Kosappur village under the Thiruvottiyur SRO, classified as Residential Special Type - II.

How the guideline value of Krishna Nagar/ Ext has changed

The guideline value for Krishna Nagar/ Ext has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which increased to Rs 201 per sq.ft in the 2017 revision. This marked a decrease of 33% from 2012 to 2017. However, from 2017 to 2023, the value saw a significant increase of 399%, maintaining the same rate of Rs 1,002 per sq.ft in the 2023 revision and again in the 2024 revision, resulting in no change between these two years.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 234%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kosappur

In Kosappur, there are 25 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft, with a median value of Rs 1,002 per sq.ft. The guideline value for Krishna Nagar/ Ext aligns with this median.

• Madha Nagar: Rs 1,002 per sq.ft (2024)
• Jain Nagar: Rs 1,002 per sq.ft (2024)
• Gnanaguru Nagar: Rs 1,002 per sq.ft (2024)
• Padmavathy Nagar: Rs 1,002 per sq.ft (2024)
• Dr.AMBETKAR NAGAR: Rs 1,000 per sq.ft (2024)
• Donbosco Nagar: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar/ Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value amounts to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, making the total charges Rs 90,180. 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 details.

Which Sub Registrar Office covers Krishna Nagar/ Ext?

The Sub Registrar Office that covers Krishna Nagar/ Ext is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Kosappur. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration, ensuring that both buyers and sellers adhere to the legal requirements set by the state.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations during the registration process. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid any complications during registration.

Frequently asked questions

What is the current guideline value of Krishna Nagar/ Ext?

The current guideline value of Krishna Nagar/ Ext is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 1,002 per sq.ft in 2024, marking an overall increase of 234% over the years.

What are the other streets in Kosappur with similar guideline values?

Other streets in Kosappur that have a guideline value of Rs 1,002 per sq.ft include Madha Nagar, Jain Nagar, Gnanaguru Nagar, and Padmavathy Nagar, among others.

How is stamp duty calculated for properties in Krishna Nagar/ Ext?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 70,140.

Where can I find the Sub Registrar Office for Krishna Nagar/ Ext?

The Sub Registrar Office for Krishna Nagar/ Ext is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find more information about your SRO online.