Guideline Value for KRISNA GARDEN

Krisna Garden guideline value

The current guideline value of Krisna Garden is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Uthukkadu, under the Walajabad SRO, and is classified as Residential Special Type - II.

How the guideline value of Krisna Garden has changed

Since the 2017 revision, the guideline value for Krisna Garden has increased from Rs 268 per sq.ft to Rs 400 per sq.ft in 2024, marking a 49% rise over this period. The 2023 revision also maintained the guideline value at Rs 400 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the only revisions with figures are from 2017, 2023, and 2024, with the most recent showing a consistent value since 2023.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a guideline value for 2024 ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. Krisna Garden's 2024 guideline value is above this median.

• Kumaran Nagar: Rs 300 per sq.ft (2024)
• Kurunji Nagar: Rs 300 per sq.ft (2024)
• Lakshmi Narasima Perumal Nagar Phase-II: Rs 300 per sq.ft (2024)
• Lakshmi Narasimman Nagar: Rs 300 per sq.ft (2024)
• J.S Nagar: Rs 600 per sq.ft (2024)
• Meenakshi Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Krisna Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krisna Garden?

Krisna Garden is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Uthukkadu - A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of property.

When buying or selling a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency and compliance with regulatory requirements in property dealings.

Frequently asked questions

What is the current guideline value of Krisna Garden?

The current guideline value of Krisna Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 400 per sq.ft from 2023 to 2024. It increased by 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2024.

What is the land classification for Krisna Garden?

Krisna Garden is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the registration office for Krisna Garden?

The registration office for Krisna Garden is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Krisna Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 4,00,000 would incur a stamp duty of Rs 28,000 at 7%.