Guideline Value for KRISHNA NAGAR

Krishna Nagar guideline value

The current guideline value of Krishna Nagar, located in Sevilimadu - A village, is Rs 875 per sq.ft as per the 2024 revision. This guideline value is effective from 1 July 2024 and falls under the Residential Class I Type - III land classification.

How the guideline value of Krishna Nagar has changed

Over the years, the guideline value for Krishna Nagar has seen several revisions. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures are Rs 800 per sq.ft from the 2023 revision, which increased to Rs 875 per sq.ft in the 2024 revision, reflecting a change of +9%.

Prior to the 2023 revision, the guideline value was Rs 800 per sq.ft. The increase from 2023 to 2024 marks a significant adjustment in the valuation of properties within this area.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Krishna Nagar's current guideline value is below this median.

• Krishna Nagar Extension: Rs 875 per sq.ft (2024)
• Kumarakottam Nagar: Rs 1,100 per sq.ft (2024)
• Kuppusamy Nagar: Rs 1,100 per sq.ft (2024)
• Kanniyamma Nagar: Rs 800 per sq.ft (2024)
• Kamatchi Nagar: Rs 875 per sq.ft (2024)
• Jeeva Nagar: Rs 1,100 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 875 per sq.ft, the total guideline value amounts to Rs 8,75,000. The stamp duty is calculated at 7%, resulting in Rs 61,250, while the registration fee at 2% amounts to Rs 17,500. Together, the total cost for stamp duty and registration fee is Rs 78,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Krishna Nagar?

The Sub Registrar Office that covers Krishna Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value plays a crucial role during property transactions in Sevilimadu - A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is processed in accordance with the local regulations. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Krishna Nagar?

The current guideline value of Krishna Nagar is Rs 875 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2023 to Rs 875 per sq.ft in 2024, marking a +9% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Sevilimadu - A?

The median guideline value in Sevilimadu - A is Rs 1,100 per sq.ft. Krishna Nagar's guideline value is below this median.

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

For a property valued at Rs 8,75,000, the stamp duty is Rs 61,250 and the registration fee is Rs 17,500, totaling Rs 78,750. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Krishna Nagar located?

The Kanchipuram Joint II Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. This office handles registrations for properties in Krishna Nagar.