Guideline Value for KRISHNA NAGAR

Krishna Nagar guideline value

The current guideline value of Krishna Nagar is Rs 1,206 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur B village under the Sriperumpudur SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Krishna Nagar has changed

Since the 2017 revision, the guideline value for Krishna Nagar has remained constant at Rs 1,206 per sq.ft through the 2023 and 2024 revisions, indicating no change in value during these years. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

To summarize the revisions available, the 2017 figure was Rs 1,206 per sq.ft, which continued unchanged in 2023 and 2024. Overall, from 2017 to 2024, the guideline value has not changed, reflecting a consistent valuation over this period.

Guideline values in Sriperumbudur B

In Sriperumbudur B, there are 114 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 902 per sq.ft, placing Krishna Nagar's 2024 figure above this median.

• Kasthuri Nagar: Rs 804 per sq.ft (2024)
• Doctors Vijayam Township Extension: Rs 1,800 per sq.ft (2024)
• Prithvi Nagar: Rs 1,005 per sq.ft (2024)
• Baba Nagar: Rs 2,000 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,206 per sq.ft (2024)
• Adhilakshmi Nagar: Rs 700 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 1,206 per sq.ft, the total guideline value would be Rs 12,06,000. The stamp duty at 7% would amount to Rs 84,420, while the registration fee at 2% would be Rs 24,120, bringing the total charges to Rs 1,08,540. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishna Nagar?

The Sub Registrar Office covering Krishna Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Sriperumbudur B. It serves as the basis for calculating stamp duty and registration fees, ensuring that the appropriate taxes are paid based on the property's assessed value.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall cost of the transaction. Buyers should ensure they are informed about the current guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Krishna Nagar?

The current guideline value of Krishna Nagar is Rs 1,206 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Krishna Nagar has remained unchanged at Rs 1,206 per sq.ft since the 2017 revision, with no changes recorded in the 2023 and 2024 revisions.

What are the guideline values for other streets in Sriperumbudur B?

Other streets in Sriperumbudur B have varying guideline values ranging from Rs 700 to Rs 3,000 per sq.ft. For example, Kasthuri Nagar is Rs 804 per sq.ft, while Baba Nagar is Rs 2,000 per sq.ft in 2024.

What is the stamp duty rate in Krishna Nagar?

The stamp duty rate in Krishna Nagar is 7% of the guideline value or sale price, whichever is higher. This is an important consideration when calculating the total cost of property transactions.

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

The Sub Registrar Office for Krishna Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details through the provided link.