Guideline Value

Corporate

Guideline Value for Krishna Nagar 2nd Street

₹2750/sq.ft.

The guideline value for Krishna Nagar 2nd Street in Zaminpallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Zaminpallavaram

Village

Pallavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹218 /sq.ft.
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 Street

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Krishna Nagar 2nd Street guideline value

The current guideline value of Krishna Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

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

The guideline value for Krishna Nagar 2nd Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 218 per sq.ft, which increased to Rs 600 per sq.ft in 2007. The 2012 revision maintained the value at Rs 2,500 per sq.ft, but this dropped to Rs 1,675 per sq.ft in the 2017 revision. The 2023 revision marked a significant increase to Rs 2,500 per sq.ft, followed by the current 2024 revision at Rs 2,750 per sq.ft. Notably, there is no figure available for the 2002 revision in the register.

Between these revisions, the changes were as follows: from 2003 to 2007, the value increased by 175%; from 2007 to 2012, it saw a drop of 33%; a significant rise of 49% occurred from 2017 to 2023; and finally, the value increased by 10% from 2023 to 2024. Overall, the guideline value has increased by 1161% from 2003 to 2024.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing Krishna Nagar 2nd Street's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that 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 2nd Street?

The Sub Registrar Office that covers Krishna Nagar 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the government receives the appropriate revenue based on the property's value as per the guideline.

When registering a property, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This practice helps maintain transparency and standardization in property transactions.

Frequently asked questions

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

The current guideline value of Krishna Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 218 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1161% over the years.

What is the registration office for Krishna Nagar 2nd Street?

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

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Krishna Nagar 2nd Street is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.

What classification does Krishna Nagar 2nd Street fall under?

Krishna Nagar 2nd Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.