Guideline Value

Corporate

Guideline Value for Krishna Nagar 2nd Main Road

₹3850/sq.ft.

The guideline value for Krishna Nagar 2nd 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 2nd Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Krishna Nagar 2nd Main Road guideline value

The current guideline value of Krishna Nagar 2nd Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village and falls under the Pallavaram SRO with a land classification of Mixed Type - II.

How the guideline value of Krishna Nagar 2nd Main Road has changed

The guideline value for Krishna Nagar 2nd Main Road has seen several revisions over the years. The earliest recorded revision is from 2007, when the value was Rs 840 per sq.ft. This increased dramatically to Rs 3,500 per sq.ft in 2012, reflecting a significant rise of 317%. However, it then decreased to Rs 2,345 per sq.ft in 2017, marking a decline of 33%. The value rebounded to Rs 3,500 per sq.ft in 2023, and further increased by 10% to the current figure of Rs 3,850 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003. From 2017 to 2023, the guideline value rose by 49%, leading to the current value of Rs 3,850 per sq.ft, which shows an overall increase of 358% from the 2007 figure.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median guideline value in the village is Rs 2,970 per sq.ft, placing Krishna Nagar 2nd Main Road above this median.

Stamp duty and registration fee for property in Krishna Nagar 2nd 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, while the registration fee at 2% would be Rs 77,000. Together, the total cost for these fees would be Rs 3,46,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishna Nagar 2nd Main Road?

The Krishna Nagar 2nd Main Road falls under 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 plays a crucial role in the registration process when buying or selling property in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared to the actual sale price. The higher of the two values is used to calculate the stamp duty and registration fees, safeguarding the interests of the state while providing a transparent process for buyers and sellers.

Frequently asked questions

What is the current guideline value of Krishna Nagar 2nd Main Road?

The current guideline value of Krishna Nagar 2nd 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 from Rs 840 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 358% over the years.

What is the registration office for Krishna Nagar 2nd Main Road?

The registration office for Krishna Nagar 2nd Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Krishna Nagar 2nd Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,69,500.

What is the land classification for Krishna Nagar 2nd Main Road?

The land classification for Krishna Nagar 2nd Main Road is Mixed Type - II, which is relevant for determining the guideline value and property usage regulations.