Guideline Value for Krishna Nagar 3rd Street

Krishna Nagar 3rd Street guideline value

The current guideline value of Krishna Nagar 3rd Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Krishna Nagar 3rd Street has changed

The guideline value for Krishna Nagar 3rd Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,520 per sq.ft, which is an increase of 10% from Rs 3,200 per sq.ft in 2023. Prior to that, the 2017 revision recorded a value of Rs 2,144 per sq.ft, reflecting a significant increase of 49% from the previous 2023 figure. The 2012 revision had set the value at Rs 3,200 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for Krishna Nagar 3rd Street. Overall, from 2012 to 2024, the guideline value has increased by 10%, indicating a notable change in the valuation over the years.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, placing Krishna Nagar 3rd Street's 2024 figure below that median.

• Krishna Nagar 2nd Street: Rs 3,520 per sq.ft (2024)
• Krishna Nagar 1st Street: Rs 3,520 per sq.ft (2024)
• Krishna Nagar: Rs 3,520 per sq.ft (2024)
• Krishna Nagar Main Road: Rs 3,520 per sq.ft (2024)
• Krishna puram: Rs 3,520 per sq.ft (2024)
• Krishna Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty, charged at 7%, would be Rs 2,46,400, while the registration fee at 2% would be Rs 70,400. Together, these costs would total Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Krishna Nagar 3rd Street?

The Sub Registrar Office that covers Krishna Nagar 3rd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Porur. It is used to determine the stamp duty and registration fees applicable when registering a property sale. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When buying or selling property, the guideline value helps in assessing the official valuation of the property. This value is essential for calculating the taxes owed and ensuring that the transaction is legally recognized by the authorities.

Frequently asked questions

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

The current guideline value of Krishna Nagar 3rd Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, which is a 10% increase. From 2017 to 2023, it increased by 49%, while it decreased by 33% from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017.

What is the land classification for Krishna Nagar 3rd Street?

Krishna Nagar 3rd Street is classified as Residential Special Type - II, indicating its designation for residential purposes.

Where can I find the registration office for Krishna Nagar 3rd Street?

The registration office for Krishna Nagar 3rd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Krishna Nagar 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,46,400 at the rate of 7%.