Guideline Value for Krishna Nagar (Extn)

Krishna Nagar (Extn) guideline value

The current guideline value of Krishna Nagar (Extn) is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Krishna Nagar (Extn) has changed

The guideline value for Krishna Nagar (Extn) has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, before rising again to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The 2023 to 2024 revision saw no change, maintaining the value at Rs 1,000 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Adhanoor

In Adhanoor, there are a total of 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which is the same as the 2024 guideline value for Krishna Nagar (Extn).

• Krishna Nagar: Rs 1,000 per sq.ft (2024)
• Krishapuri: Rs 1,000 per sq.ft (2024)
• K.P.S. Nagar: Rs 1,000 per sq.ft (2024)
• Kumaran Avenue: Rs 1,000 per sq.ft (2024)
• K.M.A. Nagar: Rs 1,000 per sq.ft (2024)
• K.M.A. Avenue: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar (Extn)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Krishna Nagar (Extn)?

The Krishna Nagar (Extn) area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adhanoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Krishna Nagar (Extn)?

The current guideline value of Krishna Nagar (Extn) is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in both 2023 and 2024.

What is the land classification for Krishna Nagar (Extn)?

The land classification for Krishna Nagar (Extn) is Residential Special Type - I.

What are the stamp duty and registration fees for a property in Krishna Nagar (Extn)?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Krishna Nagar (Extn)?

The Gooduvancheri Sub Registrar Office handles registrations for Krishna Nagar (Extn), located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.