Guideline Value

Corporate

Guideline Value for Krishna Nagar 2nd St

₹4400/sq.ft.

The guideline value for Krishna Nagar 2nd St in Tambaram village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Tambaram

Village

Tambaram Joint 1

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[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 St

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Krishna Nagar 2nd St guideline value

The current guideline value of Krishna Nagar 2nd St is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Krishna Nagar 2nd St has changed

Over the years, the guideline value of Krishna Nagar 2nd St has seen several revisions. The 2012 revision set the value at Rs 4,000 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value dropped to Rs 2,680 per sq.ft. The 2023 revision then increased the value to Rs 4,000 per sq.ft, followed by the current 2024 revision, which raised it to Rs 4,400 per sq.ft.

Specifically, the changes between revisions are notable: from 2012 to 2017, there was a decrease of 33%. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Krishna Nagar 2nd St above this median.

Stamp duty and registration fee for property in Krishna Nagar 2nd St

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishna Nagar 2nd St?

The Sub Registrar Office that covers Krishna Nagar 2nd St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Tambaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Ensuring that the correct guideline value is applied helps in avoiding any legal issues during the registration process.

Frequently asked questions

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

The current guideline value of Krishna Nagar 2nd St is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent revision in 2024 increasing it to Rs 4,400 per sq.ft from Rs 4,000 per sq.ft in 2023. There was also a notable increase from Rs 2,680 per sq.ft in 2017 to Rs 4,000 per sq.ft in 2023.

What is the land classification for Krishna Nagar 2nd St?

The land classification for Krishna Nagar 2nd St is Residential Special Type - II. This classification indicates the intended use of the land for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Krishna Nagar 2nd St?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Krishna Nagar 2nd St. It is located at No.26, Mes Road, East Tambaram, Chennai-600059.