Guideline Value for Krishna Nagar 4th Street

Krishna Nagar 4th Street guideline value

The current guideline value of Krishna Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Class I Type - I.

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

The guideline value for Krishna Nagar 4th Street has experienced several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. The most recent revision in 2024 saw the value rise to Rs 3,300 per sq.ft, reflecting a 64% increase from the 2017 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,000 per sq.ft, with the median value being Rs 3,300 per sq.ft. Krishna Nagar 4th Street's 2024 guideline value is equal to this median.

• Krishna Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Krishna Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Krishna Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Krishnan Street: Rs 3,300 per sq.ft (2024)
• Krishna Swamy Nagar: Rs 3,300 per sq.ft (2024)
• K.S. Nagar: Rs 2,700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishna Nagar 4th Street?

The Sub Registrar Office that covers Krishna Nagar 4th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value as it impacts the overall costs involved in the transaction. Buyers should be aware that the registration fees and stamp duty are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Krishna Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 230%.

What are the stamp duty and registration fees for properties in Krishna Nagar 4th Street?

For a 1,000 sq.ft property valued at Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles property registrations in Kolathur?

The Sembiam Sub Registrar Office handles property registrations for Krishna Nagar 4th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Krishna Nagar 4th Street?

The land classification for Krishna Nagar 4th Street is Residential Class I Type - I, indicating its suitability for residential development.