Guideline Value for Krishna Nagar 4th Street

Krishna Nagar 4th Street guideline value

The current guideline value of Krishna Nagar 4th 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 4th Street has changed

The guideline value for Krishna Nagar 4th Street has undergone several revisions over the years. In 2003, the guideline value was Rs 218 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007. By 2012, the value rose to Rs 2,500 per sq.ft, but then dropped to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023 and has now reached Rs 2,750 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1161%. The register has no figure for the year 2002 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Krishna Nagar 4th Street's 2024 guideline value is below this median.

• Krishna Nagar 3rd Street: Rs 2,750 per sq.ft (2024)
• Krishna Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Krishna Nagar Harijan Colony: Rs 2,750 per sq.ft (2024)
• Krishna Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Krishnapuram: Rs 2,750 per sq.ft (2024)
• Krishnaswamy Street: Rs 3,850 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 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishna Nagar 4th Street?

The Krishna Nagar 4th Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value will be used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions based on the established rates.

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 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 218 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, showing an overall increase of 1161% over this period.

What is the registration office for Krishna Nagar 4th Street?

The registration office for Krishna Nagar 4th Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

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

Krishna Nagar 4th Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.