Guideline Value for Krishna Nagar 3rd St

Krishna Nagar 3rd St guideline value

The current guideline value of Krishna Nagar 3rd 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 3rd St has changed

The guideline value for Krishna Nagar 3rd St has undergone several revisions over the years. The earliest recorded figure is from 2012, set at Rs 4,000 per sq.ft. In 2017, this value decreased to Rs 2,680 per sq.ft, marking a decline of 33%. However, by 2023, the guideline value increased to Rs 4,000 per sq.ft, and in the latest revision for 2024, it rose further to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. 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, with guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Krishna Nagar 3rd St's 2024 figure above this median.

• Krishna Nagar 2nd St: Rs 4,400 per sq.ft (2024)
• Krishna Nagar 4 th St: Rs 4,400 per sq.ft (2024)
• Krishna Nagar 5th St: Rs 4,400 per sq.ft (2024)
• Krishna Nagar 6th St: Rs 4,400 per sq.ft (2024)
• Krishna Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Krishna Nagar 7 th Cross St: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar 3rd 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 cost for these fees to Rs 3,96,000. 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 3rd St?

The Sub Registrar Office covering Krishna Nagar 3rd 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tambaram. It is used to determine the stamp duty and registration fees that are applicable for the transaction, ensuring that the fees are calculated based on the established values for the area.

When a property is sold, the guideline value is referenced to assess the minimum value for which the property can be registered. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Krishna Nagar 3rd St?

The current guideline value of Krishna Nagar 3rd 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 from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the median guideline value in Tambaram?

The median guideline value for streets in Tambaram is Rs 3,300 per sq.ft, which is below the current value of Krishna Nagar 3rd St.

What are the stamp duty and registration fees for property in Krishna Nagar 3rd St?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 3,08,000 and the registration fee is Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration for Krishna Nagar 3rd St?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Krishna Nagar 3rd St, located at No.26, Mes Road, East Tambaram, Chennai-600059.