Guideline Value for Krishna Nagar / 1st Cross Street

Krishna Nagar / 1st Cross Street guideline value

The current guideline value of Krishna Nagar / 1st Cross 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 / 1st Cross Street has changed

The guideline value for Krishna Nagar / 1st Cross Street has seen significant changes over the years. In 2002, the value was Rs 294 per sq.ft, which increased to Rs 335 per sq.ft in 2003, marking a 14% rise. The value then rose to Rs 570 per sq.ft in 2007, a substantial increase of 70%. By 2017, the guideline value reached Rs 1,541 per sq.ft, reflecting a 170% jump from the previous revision. However, there is no figure for this street in the 2012 revision.

In 2023, the guideline value was Rs 2,300 per sq.ft, which was a 49% increase from the 2017 figure. The most recent revision in 2024 has set the value at Rs 2,530 per sq.ft, representing a 10% rise from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 761%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value in the village is Rs 2,090 per sq.ft, placing Krishna Nagar / 1st Cross Street above this median.

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

Stamp duty and registration fee for property in Krishna Nagar / 1st Cross 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 to Rs 2,27,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Krishna Nagar / 1st Cross Street?

The Krishna Nagar / 1st Cross 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 details.

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

The guideline value is an essential factor in the registration process for property transactions in Pammal. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that both buyers and sellers are aware of the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Krishna Nagar / 1st Cross Street?

The current guideline value of Krishna Nagar / 1st Cross 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 increased from Rs 294 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 761% over the years.

What is the land classification for Krishna Nagar / 1st Cross Street?

Krishna Nagar / 1st Cross Street is classified as Residential Class I Type - I.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for properties in Krishna Nagar / 1st Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 1,77,100.