Guideline Value

Corporate

Guideline Value for KRISHNA NAGAR

₹400/sq.ft.

The guideline value for Krishna Nagar in Erivakkam village (Gooduvancheri SRO, Chengalpattu zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Erivakkam

Village

Gooduvancheri

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[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 400 per sq.ft, effective from 1 July 2024. This street is located in Erivakkam village under the Gooduvancheri SRO, classified as Residential Special Type - II.

How the guideline value of Krishna Nagar has changed

Over the years, the guideline value of Krishna Nagar has seen several revisions. In 2012, the guideline value was set at Rs 400 per sq.ft, which remained unchanged in the subsequent revision in 2023. However, from 2017, when the guideline value was Rs 268 per sq.ft, there was a significant increase of 49% to reach Rs 400 per sq.ft in 2023. The 2024 revision shows no change from the previous year, maintaining the value at Rs 400 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

In summary, the guideline value has fluctuated over the years. From 2012 to 2017, there was a decrease of 33%, but overall, from 2012 to 2024, the value has remained constant at Rs 400 per sq.ft.

Guideline values in Erivakkam

In Erivakkam, there are 19 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. Krishna Nagar's 2024 figure aligns perfectly with this median.

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 amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, leading to a total of Rs 36,000 in fees. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishna Nagar?

The Sub Registrar Office that covers Krishna Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial component in the property registration process in Erivakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory for legal documentation.

It is essential for both buyers and sellers to be aware of the current guideline value as it directly affects the total cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

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 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent change being from Rs 400 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, showing no change. The value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase.

What are the other streets in Erivakkam with similar guideline values?

Other streets in Erivakkam with similar guideline values include Kowsalya Nagar Phase-I, Kowsalya Nagar, and K.K.R. Nagar, all at Rs 400 per sq.ft for 2024.

How is stamp duty calculated in Krishna Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 4,00,000 would incur a stamp duty of Rs 28,000 at 7%.

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

The Sub Registrar Office for Krishna Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.