Guideline Value for KRISHNA NAGAR

Krishna Nagar guideline value

The current guideline value of Krishna Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in 117. Pulipakkam village, under the Salavakkam SRO. The land classification for this street is Residential Special Type - III.

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 150 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft. Following this, the value increased by 50% in the 2023 revision to Rs 150 per sq.ft, which has been maintained in the 2024 revision. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 50%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 150 per sq.ft.

Guideline values in 117. Pulipakkam

In 117. Pulipakkam, there are three streets under the Salavakkam SRO that carry a 2024 guideline value. The values range from Rs 100 to Rs 150 per sq.ft, with a median of Rs 101 per sq.ft. Krishna Nagar's 2024 guideline value is above this median.

• Npls City Raj Nagar: Rs 101 per sq.ft (2024)
• S.K.Garden: Rs 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 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total fees together Rs 13,500. 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 information on calculating these fees.

Which Sub Registrar Office covers Krishna Nagar?

The Sub Registrar Office that covers Krishna Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 117. Pulipakkam

The guideline value is a crucial factor in the registration process when buying or selling property in 117. Pulipakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

During registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. 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 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in 117. Pulipakkam?

The median guideline value in 117. Pulipakkam is Rs 101 per sq.ft, with Krishna Nagar's value being above this median.

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

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles property registrations for Krishna Nagar?

The Salavakkam Sub Registrar Office handles property registrations for Krishna Nagar, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.