Guideline Value for KRISHNA NAGAR

Krishna Nagar guideline value

The current guideline value of Krishna Nagar, located in Maiyur village, is Rs 400 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Class I Type - I land classification within the Chengleput Joint II SRO.

How the guideline value of Krishna Nagar has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft, marking a decline of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back to Rs 400 per sq.ft. The 2024 revision also maintains this value at Rs 400 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Krishna Nagar. Therefore, the revisions we can account for are from 2012, 2017, 2023, and 2024.

Guideline values in Maiyur

In Maiyur village, there are 28 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 700 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is the same as the guideline value for Krishna Nagar.

• Karunai Nagar: Rs 400 per sq.ft (2024)
• Magalakshmi Nagar: Rs 400 per sq.ft (2024)
• Indirangandhi Town: Rs 700 per sq.ft (2024)
• Hariyagrivar Nagar: Rs 400 per sq.ft (2024)
• Green Park Avenue: Rs 400 per sq.ft (2024)
• Green City: Rs 400 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 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Krishna Nagar?

The Sub Registrar Office that covers Krishna Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

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

When buyers and sellers engage in a transaction, the guideline value helps ensure that the fees are calculated fairly based on the established rates, thereby facilitating a transparent process for property registration.

Frequently asked questions

What is the current guideline value of Krishna Nagar?

The current guideline value of Krishna Nagar is Rs 400 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value of Krishna Nagar has seen various changes, with a notable decrease to Rs 268 per sq.ft in 2017, followed by an increase back to Rs 400 per sq.ft in 2023 and 2024.

What are the other streets in Maiyur with the same guideline value?

Other streets in Maiyur with a guideline value of Rs 400 per sq.ft include Karunai Nagar, Magalakshmi Nagar, Hariyagrivar Nagar, Green Park Avenue, and Green City.

What is the registration fee for property in Krishna Nagar?

The registration fee for property in Krishna Nagar is calculated based on the guideline value. For example, for a plot of 1,000 sq.ft, the registration fee would be Rs 8,000 at the current guideline value.

Where is the Sub Registrar Office for Krishna Nagar located?

The Sub Registrar Office covering Krishna Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.