Guideline Value

Corporate

Guideline Value for Krishna Nagar 1st Main Road

₹3850/sq.ft.

The guideline value for Krishna Nagar 1st Main Road in Hastinapuram village (Pallavaram SRO, Chengalpattu zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Hastinapuram

Village

Pallavaram

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹840 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Krishna Nagar 1st Main Road

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Krishna Nagar 1st Main Road guideline value

The current guideline value of Krishna Nagar 1st Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Hastinapuram village and falls under the Pallavaram SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Krishna Nagar 1st Main Road has changed

The guideline value has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 840 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 317%. However, between 2012 and 2017, the value decreased to Rs 2,345 per sq.ft, a decline of 33%. By 2023, the value rose again to Rs 3,500 per sq.ft, and in the latest revision for 2024, it saw an increase to Rs 3,850 per sq.ft, which is a 10% rise from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 358%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Hastinapuram

In Hastinapuram, a total of 277 streets are listed under the Pallavaram SRO, with guideline values ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 2,970 per sq.ft, placing Krishna Nagar 1st Main Road's 2024 figure above that median.

Stamp duty and registration fee for property in Krishna Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, resulting in a total of Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Krishna Nagar 1st Main Road?

The Sub Registrar Office that covers Krishna Nagar 1st Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Hastinapuram. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value serves as a benchmark for assessing the transaction value. It helps in establishing the minimum value for which the property can be registered, ensuring transparency in property dealings.

Frequently asked questions

What is the current guideline value of Krishna Nagar 1st Main Road?

The current guideline value of Krishna Nagar 1st Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 840 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 358% over the years.

What is the land classification for Krishna Nagar 1st Main Road?

The land classification for Krishna Nagar 1st Main Road is Mixed Type - II, indicating a blend of residential and commercial uses in the area.

Where can I find the Sub Registrar Office for Krishna Nagar 1st Main Road?

The Pallavaram Sub Registrar Office, which covers Krishna Nagar 1st Main Road, is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Krishna Nagar 1st Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 38,50,000 would incur a stamp duty of Rs 2,69,500 at 7%.