Guideline Value for Krishna Nagar 2nd Street

Krishna Nagar 2nd Street guideline value

The current guideline value of Krishna Nagar 2nd Street in Kaspapuram village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of Krishna Nagar 2nd Street has changed

Looking at the revisions, the guideline value for Krishna Nagar 2nd Street was Rs 1,500 per sq.ft in 2023, which increased to Rs 1,650 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 1,005 per sq.ft, indicating a significant increase of +49% over the next six years. The 2012 revision also recorded a guideline value of Rs 1,500 per sq.ft, which was a decrease of -33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of +10%.

Guideline values in Kaspapuram

In Kaspapuram, there are 76 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 440 to Rs 4,300 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Krishna Nagar 2nd Street's 2024 figure above this median.

• Krishna Nagar 2nd Main Road: Rs 1,650 per sq.ft (2024)
• Krishna Nagar 3rd Street: Rs 1,650 per sq.ft (2024)
• Krishna Nagar 1st Street: Rs 1,650 per sq.ft (2024)
• Krishna Nagar 4th Street: Rs 1,650 per sq.ft (2024)
• Krishna Nagar 5th Street: Rs 1,650 per sq.ft (2024)
• Krishna Nagar 6th Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total charges to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Krishna Nagar 2nd Street?

The Krishna Nagar 2nd Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Kaspapuram, the guideline value is used to calculate stamp duty and registration fees, ensuring that the transaction is legally compliant.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial obligations associated with property registration. Accurate knowledge of the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Krishna Nagar 2nd Street?

The current guideline value of Krishna Nagar 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, a change of +10%. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What are the other streets in Kaspapuram with the same guideline value?

Other streets in Kaspapuram, such as Krishna Nagar 1st, 2nd Main, 3rd, 4th, 5th, and 6th Streets, all have a guideline value of Rs 1,650 per sq.ft for 2024.

What are the stamp duty and registration fees for properties in Krishna Nagar 2nd Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is at 2%. For a 1,000 sq.ft plot, the total charges would amount to Rs 1,48,500.

Which office handles the registration for Krishna Nagar 2nd Street?

The registration for Krishna Nagar 2nd Street is handled by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.