Guideline Value for Krishna Nagar ,5th Street

Krishna Nagar ,5th Street guideline value

The current guideline value of Krishna Nagar ,5th Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of Krishna Nagar ,5th Street has changed

The guideline value for Krishna Nagar ,5th Street has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 1,541 per sq.ft. This increased to Rs 2,300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 2,530 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, making the guideline value of Krishna Nagar ,5th Street above this median.

• Krishna Nagar / 5th Cross Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar ,6th Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar / 4th Cross Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar / 3rd Cross Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar /2nd Cross Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar, 1st Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar ,5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total cost for these fees to Rs 2,27,700. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Krishna Nagar ,5th Street?

The Krishna Nagar ,5th Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pammal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Krishna Nagar ,5th Street?

The current guideline value of Krishna Nagar ,5th Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,541 per sq.ft in 2017 to Rs 2,300 per sq.ft in 2023, and then to Rs 2,530 per sq.ft in 2024, representing a total increase of 64% from 2017 to 2024.

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

Other streets in Pammal that share the same guideline value of Rs 2,530 per sq.ft include Krishna Nagar / 5th Cross Street, Krishna Nagar ,6th Street, Krishna Nagar / 4th Cross Street, Krishna Nagar / 3rd Cross Street, Krishna Nagar /2nd Cross Street, and Krishna Nagar, 1st Street.

What are the stamp duty and registration fees for property in Krishna Nagar ,5th Street?

The stamp duty for a property valued at Rs 25,30,000 would be Rs 1,77,100, and the registration fee would be Rs 50,600, totaling Rs 2,27,700. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Krishna Nagar ,5th Street?

The Pammal Sub Registrar Office handles property registrations for Krishna Nagar ,5th Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.