Guideline Value for KRISHNAN NAGAR

Krishnan Nagar guideline value

The current guideline value of Krishnan Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Orikkai village and falls under the Kanchipuram Joint IV SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Krishnan Nagar has changed

The guideline value for Krishnan Nagar has remained consistent at Rs 800 per sq.ft since the 2023 revision. Prior to that, there are no figures available in the register for the years 2017, 2012, 2007, 2003, and 2002, indicating that the guideline value has not been updated for this street in those years.

From the 2023 revision to the 2024 revision, there has been no change, with the guideline value remaining at Rs 800 per sq.ft, reflecting a 0% change. This stability indicates that the value has not fluctuated in this period.

Guideline values in Orikkai

In Orikkai village, there are 12 streets under the Kanchipuram Joint IV SRO that have a 2024 guideline value ranging from Rs 800 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 975 per sq.ft, placing Krishnan Nagar's 2024 figure below this median.

• K.M.Avenue: Rs 1,110 per sq.ft (2024)
• Kanchi Gardan: Rs 1,099 per sq.ft (2024)
• Jayamala Kumar Avenue: Rs 910 per sq.ft (2024)
• Sai Enclave: Rs 825 per sq.ft (2024)
• Sri Lakshmi Vaikundavalli Nagar: Rs 975 per sq.ft (2024)
• Sriram Gardan: Rs 875 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnan Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishnan Nagar?

The Sub Registrar Office that covers Krishnan Nagar is the Kanchipuram Joint IV 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 Orikkai

The guideline value is a crucial factor in property transactions in Orikkai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value for calculating the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is documented accurately and legally. This helps maintain transparency and compliance with local regulations in property dealings.

Frequently asked questions

What is the current guideline value of Krishnan Nagar?

The current guideline value of Krishnan Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Krishnan Nagar has remained at Rs 800 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Orikkai?

The median guideline value for streets in Orikkai is Rs 975 per sq.ft, with Krishnan Nagar's value being below this median at Rs 800 per sq.ft.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 72,000, calculated based on the guideline value of Rs 8,00,000.

Where is the Sub Registrar Office for Krishnan Nagar located?

The Sub Registrar Office covering Krishnan Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.