Guideline Value for KRISHNA NAGAR

Krishna Nagar guideline value

The current guideline value for Krishna Nagar is Rs 2,986 per sq.ft, as per the 2023 revision. This area is part of Kolapakkam village and falls under the Gooduvancheri SRO. The land classification for Krishna Nagar is Mixed Type - II.

How the guideline value of Krishna Nagar has changed

The guideline value for Krishna Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 360 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking a rise of 178%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, reflecting a decline of 33%. The most recent revision in 2023 set the guideline value at Rs 2,986 per sq.ft, which represents a remarkable increase of 346% from 2017. Overall, from 2007 to 2023, the guideline value has increased by 729%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kolapakkam

Currently, there are no specific village figures provided for Kolapakkam. Krishna Nagar is one of the streets under the Gooduvancheri SRO. Below are the other streets in Kolapakkam:

Stamp duty and registration fee for property in Krishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,986 per sq.ft, the total guideline value amounts to Rs 29,86,000. The stamp duty at 7% would be Rs 2,09,020, and the registration fee at 2% would be Rs 59,720, making the total cost Rs 2,68,740. It is essential 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 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, Guduvanchery-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the sale price is compared to the guideline value, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Krishna Nagar?

The current guideline value of Krishna Nagar is Rs 2,986 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 360 per sq.ft in 2007 to Rs 2,986 per sq.ft in 2023, which is an overall increase of 729% over the years.

What are the stamp duty and registration fees for property in Krishna Nagar?

For a property valued at Rs 29,86,000, the stamp duty would be Rs 2,09,020 and the registration fee would be Rs 59,720, totaling Rs 2,68,740.

Which Sub Registrar Office covers Krishna Nagar?

The Gooduvancheri Sub Registrar Office covers Krishna Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Kolapakkam with guideline values?

Currently, there are no specific guideline values provided for other streets in Kolapakkam under the Gooduvancheri SRO.