Guideline Value for Krishna Garden

Krishna Garden guideline value

The current guideline value of Krishna Garden, located in Kattupakkam village, is Rs 500 per sq.ft as per the 2024 revision. This value is effective from 1 July 2024 and falls under the Residential Special Type - I land classification. The property is registered with the Gooduvancheri SRO.

How the guideline value of Krishna Garden has changed

The guideline value for Krishna Garden has undergone several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 160 per sq.ft. This value increased significantly to Rs 500 per sq.ft in the 2012 revision, marking a 213% rise. However, the 2017 revision saw a decrease to Rs 335 per sq.ft, which was a 33% drop from the previous figure. The value then rose again to Rs 500 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision, resulting in no change from 2023 to 2024.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 213%. Notably, the revisions from 2003 and 2002 do not have any figures recorded for this street.

Guideline values in Kattupakkam

In Kattupakkam, there are 27 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,500 per sq.ft, with the median value being Rs 500 per sq.ft. Krishna Garden's guideline value aligns with this median figure.

• Kala Nagar: Rs 400 per sq.ft (2024)
• Jawahar Nagar: Rs 500 per sq.ft (2024)
• Ishwarya Nagar Phase-II: Rs 400 per sq.ft (2024)
• Ishwarya Nagar: Rs 500 per sq.ft (2024)
• Ishwarya Avenue: Rs 500 per sq.ft (2024)
• Nehru Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty, calculated at 7%, would be Rs 35,000, while the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishna Garden?

The Sub Registrar Office that covers Krishna Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kattupakkam. It is used to determine the stamp duty and registration fees that buyers and sellers must pay, ensuring that the transaction is legally documented and compliant with local regulations.

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

Frequently asked questions

What is the current guideline value of Krishna Garden?

The current guideline value of Krishna Garden is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most significant increase occurring from Rs 160 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, and it has remained at Rs 500 per sq.ft since the 2023 revision.

What is the land classification of Krishna Garden?

Krishna Garden falls under the Residential Special Type - I land classification, indicating its intended use for residential purposes.

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

For a plot of 1,000 sq.ft at the guideline value of Rs 500 per sq.ft, the total fees, including stamp duty and registration fees, would amount to Rs 45,000.

Which Sub Registrar Office covers Krishna Garden?

The Gooduvancheri Sub Registrar Office covers Krishna Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.