Guideline Value for Krishna Nagar 4 th St

Krishna Nagar 4 th St guideline value

The current guideline value of Krishna Nagar 4 th St is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village under the Tambaram Joint 1 SRO and is classified as Residential Special Type - II.

How the guideline value of Krishna Nagar 4 th St has changed

Over the years, the guideline value of Krishna Nagar 4 th St has seen several revisions. The 2012 revision set the value at Rs 4,000 per sq.ft, which was later reduced to Rs 2,680 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 4,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 4,400 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

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 4 th St above this median value.

• Krishna Nagar 5th St: Rs 4,400 per sq.ft (2024)
• Krishna Nagar 3rd St: Rs 4,400 per sq.ft (2024)
• Krishna Nagar 6th St: Rs 4,400 per sq.ft (2024)
• Krishna Nagar 7 th Cross St: Rs 4,400 per sq.ft (2024)
• Krishna Nagar 7 th St: Rs 4,400 per sq.ft (2024)
• Krishna Nagar 2nd St: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar 4 th St

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishna Nagar 4 th St?

The Sub Registrar Office that covers Krishna Nagar 4 th 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 is an essential factor in property transactions in Tambaram. It serves as a baseline for determining the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Krishna Nagar 4 th St?

The current guideline value of Krishna Nagar 4 th 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 land classification for Krishna Nagar 4 th St?

Krishna Nagar 4 th St is classified as Residential Special Type - II.

What is the median guideline value for streets in Tambaram?

The median guideline value for streets in Tambaram is Rs 3,300 per sq.ft, and Krishna Nagar 4 th St is above this median.

Where is the Sub Registrar Office for Krishna Nagar 4 th St located?

The Sub Registrar Office for Krishna Nagar 4 th St is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.