Guideline Value for Krishna Nagar 6th St

Krishna Nagar 6th St guideline value

The current guideline value of Krishna Nagar 6th 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 6th St has changed

Over the years, the guideline value of Krishna Nagar 6th St has undergone several revisions. The 2012 revision recorded a guideline value of Rs 4,000 per sq.ft. This figure decreased to Rs 2,680 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 4,000 per sq.ft, and in the latest 2024 revision, it rose to Rs 4,400 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Tambaram

In Tambaram village, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value 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 6th St above this median.

• Krishna Nagar 5th 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 8 th St: Rs 4,400 per sq.ft (2024)
• Krishna Nagar 4 th St: Rs 4,400 per sq.ft (2024)
• Krishna Nagar 9th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar 6th 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, calculated at 7%, would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for stamp duty and registration fee would be 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishna Nagar 6th St?

The Krishna Nagar 6th St falls under 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 a crucial factor in property transactions in Tambaram. It serves as a benchmark for determining the minimum value of a property during registration. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Krishna Nagar 6th St?

The current guideline value of Krishna Nagar 6th 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 increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Krishna Nagar 6th St?

For a property valued at Rs 44,00,000, the stamp duty is Rs 3,08,000 and the registration fee is Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers Krishna Nagar 6th St?

The Tambaram Joint 1 Sub Registrar Office covers Krishna Nagar 6th St, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Krishna Nagar 6th St?

The land classification for Krishna Nagar 6th St is Residential Special Type - II.