Guideline Value for KRISHNA NAGAR

Krishna Nagar guideline value

The current guideline value of Krishna Nagar, located in Sothupuruampedu village under the Redhills SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Krishna Nagar has changed

The guideline value of Krishna Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in 2017. The 2023 revision saw an increase to Rs 300 per sq.ft, and the most recent revision in 2024 has set the value at Rs 330 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the guideline value has increased by 10%. The changes between the revisions are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, the value increased by 49%; and from 2023 to 2024, it increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sothupuruampedu

In Sothupuruampedu, there are 15 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 110 to Rs 500 per sq.ft, with a median value of Rs 220 per sq.ft. Krishna Nagar's current guideline value of Rs 330 per sq.ft is above this median.

• KRISHNA NAGAR Extension: Rs 330 per sq.ft (2024)
• Lakshimiamman Koil Street: Rs 220 per sq.ft (2024)
• Kammaavarpalayam Street: Rs 220 per sq.ft (2024)
• Muthialamman Koil Street: Rs 220 per sq.ft (2024)
• Church Colony: Rs 110 per sq.ft (2024)
• Chakkilipalayam Street: Rs 110 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 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty, charged at 7%, would amount to Rs 23,100, while the registration fee at 2% would be Rs 6,600. Together, the total cost for these fees would be Rs 29,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishna Nagar?

The Sub Registrar Office covering Krishna Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Sothupuruampedu. It serves as the baseline for calculating stamp duty and registration fees, ensuring that all transactions are aligned with the official valuation set by the Registration Department.

When buying or selling property, the guideline value helps in determining the financial obligations associated with the transaction. Buyers and sellers should be aware of the current guideline value to accurately assess the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Krishna Nagar?

The current guideline value of Krishna Nagar is Rs 330 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 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the registration fee for property in Krishna Nagar?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 3,30,000, the registration fee would be Rs 6,600.

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

The Sub Registrar Office for Krishna Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What other streets have guideline values in Sothupuruampedu?

Other streets in Sothupuruampedu include KRISHNA NAGAR Extension, Lakshimiamman Koil Street, Kammaavarpalayam Street, Muthialamman Koil Street, Church Colony, and Chakkilipalayam Street, with values ranging from Rs 110 to Rs 330 per sq.ft.