Guideline Value

Corporate

Guideline Value for KRISHNA NAGAR

₹555/sq.ft.

The guideline value for Krishna Nagar in Vellanoor-2 village (Avadi SRO, Chennai zone) is Rs 555 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vellanoor-2

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹555 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Krishna Nagar

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Krishna Nagar guideline value

The current guideline value of Krishna Nagar is Rs 555 per sq.ft, effective from 1 July 2024. This street is located in Vellanoor-2 village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Krishna Nagar has changed

The guideline value for Krishna Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 555 per sq.ft, marking an increase of 11% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 66%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for Krishna Nagar. The 2024 revision reflects a substantial increase of 49% from the 2017 figure to the 2023 figure, highlighting a steady rise in the guideline value over the years.

Guideline values in Vellanoor-2

In Vellanoor-2, there are 31 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,800 per sq.ft. The median value for these streets is Rs 555 per sq.ft, which is the same as the guideline value for Krishna Nagar.

Stamp duty and registration fee for property in Krishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value amounts to Rs 5,55,000. The stamp duty, calculated at 7%, would be Rs 38,850, and the registration fee at 2% would be Rs 11,100, making the total fees together Rs 49,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Krishna Nagar?

The Krishna Nagar area falls under 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 more details.

How the guideline value is used when you buy or sell in Vellanoor-2

The guideline value is a crucial factor in the registration of property transactions in Vellanoor-2. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Krishna Nagar?

The current guideline value of Krishna Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 555 per sq.ft in 2024, marking an overall increase of 66% over this period.

What are the other streets in Vellanoor-2 with their guideline values?

Other streets in Vellanoor-2 include Kodaivallal Seethakathi Nagar at Rs 555 per sq.ft, Kannappa Garden at Rs 550 per sq.ft, and several others, with values ranging from Rs 440 to Rs 1,800 per sq.ft.

What fees are associated with property registration in Krishna Nagar?

The fees for property registration 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.

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

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