Guideline Value for KRISHNA NAGAR

Krishna Nagar guideline value

The current guideline value of Krishna Nagar, located in Periyaputheri village under the Chengleput Joint II SRO, is Rs 200 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Krishna Nagar has changed

Over the years, the guideline value of Krishna Nagar has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. However, the value increased significantly in the 2023 revision, rising to Rs 200 per sq.ft, and has maintained this figure in the 2024 revision, showing a 49% increase from 2017 to 2023. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2024 revision, the overall change is 0%, indicating that the guideline value has remained stable at Rs 200 per sq.ft since 2012. The 2024 revision reflects the same rate as the previous year, showing no percentage change from 2023 to 2024.

Guideline values in Periyaputheri

In Periyaputheri, there are 7 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with a median value of Rs 200 per sq.ft. Krishna Nagar's 2024 figure is equal to this median.

• Thanusree Mount View Avenue: Rs 200 per sq.ft (2024)
• Thanusree Mount View Avenue-I: Rs 200 per sq.ft (2024)
• Thanusree Mount View Avenue-II: Rs 200 per sq.ft (2024)
• Thanusree Mount View Avenue-III: Rs 200 per sq.ft (2024)
• Thanusree Mount View Avenue-IV: Rs 200 per sq.ft (2024)
• Thanusree Mount View Avenue-V: Rs 200 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

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 Periyaputheri

The guideline value is a crucial factor during property registration in Periyaputheri. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for any property transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This process ensures that the government receives the correct revenue from property transactions, reflecting the value of the property in the area.

Frequently asked questions

What is the current guideline value of Krishna Nagar?

The current guideline value of Krishna Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a drop to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023 and 2024.

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

Other streets in Periyaputheri with the same guideline value of Rs 200 per sq.ft include Thanusree Mount View Avenue, Thanusree Mount View Avenue-I, Thanusree Mount View Avenue-II, Thanusree Mount View Avenue-III, Thanusree Mount View Avenue-IV, and Thanusree Mount View Avenue-V.

What is the stamp duty on property in Krishna Nagar?

The stamp duty on property in Krishna Nagar is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 14,000.

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

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