Guideline Value for KRISHNA NAGAR

Krishna Nagar guideline value

The current guideline value of Krishna Nagar, located in Thiruninravur-B village under the Avadi SRO, is Rs 770 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class II Type - III.

How the guideline value of Krishna Nagar has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value further increase to Rs 770 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for Krishna Nagar.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which matches the guideline value for Krishna Nagar.

• Krishna Colony: Rs 770 per sq.ft (2024)
• Krishnan Koil St: Rs 770 per sq.ft (2024)
• Krishnapuram 1st Cross St: Rs 1,210 per sq.ft (2024)
• Krishnapuram 1st Main St: Rs 1,210 per sq.ft (2024)
• Krishnapuram 2nd Cross St: Rs 1,210 per sq.ft (2024)
• Krishnapuram 2nd Main St: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishna Nagar?

The Sub Registrar Office that covers Krishna Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for additional details.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value plays a crucial role in property transactions in Thiruninravur-B. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area. This value is essential for both buyers and sellers as it establishes a baseline for the transaction.

When registering 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 registration process aligns with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Krishna Nagar?

The current guideline value of Krishna Nagar is Rs 770 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, representing an overall increase of 64% over these years.

What is the land classification of Krishna Nagar?

Krishna Nagar is classified as Residential Class II Type - III, which indicates its designation for residential use within the area.

What are the registration fees for property in Krishna Nagar?

The registration fees for property in Krishna Nagar include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Krishna Nagar?

The Avadi Sub Registrar Office handles property registration for Krishna Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.