Guideline Value for KRISHNA NAGAR

Krishna Nagar guideline value

The current guideline value of Krishna Nagar, located in Uthiramerur village under the Uthiramerur SRO, is Rs 1,500 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Krishna Nagar has changed

In the 2023 revision, the guideline value for Krishna Nagar was Rs 1,500 per sq.ft, which remains unchanged in the 2024 revision. Prior to these revisions, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

As there has been no change from 2023 to 2024, the guideline value has increased by 0%. This indicates stability in the guideline value for Krishna Nagar over the past two years.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value in the village is Rs 800 per sq.ft, placing Krishna Nagar's 2024 figure above this median.

• Kollametu mellandai street: Rs 900 per sq.ft (2024)
• Kollametu Kizhandai street: Rs 900 per sq.ft (2024)
• Kulaththangarai street: Rs 1,000 per sq.ft (2024)
• Kizhvengadachari Street: Rs 1,500 per sq.ft (2024)
• Kizhakku Kammala Street: Rs 1,000 per sq.ft (2024)
• Kizhakku Kammala Sandhu Street: Rs 900 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 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for these fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishna Nagar?

The Sub Registrar Office that covers Krishna Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Uthiramerur. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold.

When registering a property, the guideline value helps determine the official value of the transaction, ensuring that the appropriate taxes are levied. Buyers and sellers should be aware of this value to avoid any discrepancies 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 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value for Krishna Nagar has remained stable at Rs 1,500 per sq.ft from the 2023 revision to the 2024 revision, with no changes recorded in previous years.

What is the land classification for Krishna Nagar?

Krishna Nagar is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

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

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Where is the Sub Registrar Office for Krishna Nagar located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.