Guideline Value for Krishna Nagar / 3rd Cross Street

Krishna Nagar / 3rd Cross Street guideline value

The current guideline value of Krishna Nagar / 3rd Cross Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class I Type - I.

How the guideline value of Krishna Nagar / 3rd Cross Street has changed

The guideline value for Krishna Nagar / 3rd 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. By 2007, the value had jumped to Rs 570 per sq.ft, reflecting a 70% increase. The following revision in 2017 set the value at Rs 1,541 per sq.ft, a substantial 170% increase from the previous figure. The 2023 revision brought the value to Rs 2,300 per sq.ft, a 49% increase from 2017. The most recent revision in 2024 established the current value at Rs 2,530 per sq.ft, which is a 10% increase from 2023.

The register does not have a figure for this street for the year 2012. 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 this area is Rs 2,090 per sq.ft, positioning Krishna Nagar / 3rd Cross Street above this median.

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

Stamp duty and registration fee for property in Krishna Nagar / 3rd 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 amounts to Rs 25,30,000. The stamp duty at 7% would be 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 the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishna Nagar / 3rd Cross Street?

The Krishna Nagar / 3rd Cross Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor during property transactions in Pammal. It serves as a benchmark for determining the minimum value of a property for registration purposes. When buying or selling property, the guideline value will be used to calculate applicable stamp duties and registration fees.

Buyers and sellers should be aware that the guideline value may differ from the market price of the property. However, the registration process will rely on the guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Krishna Nagar / 3rd Cross Street?

The current guideline value of Krishna Nagar / 3rd 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 significantly from Rs 294 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, marking an overall increase of 761% over this period.

What is the median guideline value in Pammal?

The median guideline value for the 926 streets in Pammal is Rs 2,090 per sq.ft, with Krishna Nagar / 3rd Cross Street positioned above this median at Rs 2,530 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Which office handles the registration for properties in Krishna Nagar / 3rd Cross Street?

The Pammal Sub Registrar Office handles registrations for properties in Krishna Nagar / 3rd Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.