Guideline Value

Corporate

Guideline Value for Krishna Nagar 7 th Cross St

₹4400/sq.ft.

The guideline value for Krishna Nagar 7 Th Cross St in Tambaram village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Tambaram

Village

Tambaram Joint 1

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Krishna Nagar 7 Th Cross St

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Krishna Nagar 7 th Cross St guideline value

The current guideline value of Krishna Nagar 7 th Cross 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 7 th Cross St has changed

The guideline value for Krishna Nagar 7 th Cross St has undergone several revisions over the years. The earliest recorded revision was in 2012, setting the value at Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in 2017. The 2023 revision increased the value to Rs 4,000 per sq.ft, and the most recent revision in 2024 has set it at Rs 4,400 per sq.ft.

Between the revisions, there have been notable changes. From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, the guideline value from 2012 to 2024 has increased by 10%.

Guideline values in Tambaram

In Tambaram, 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 value for these streets is Rs 3,300 per sq.ft, making the 2024 figure for Krishna Nagar 7 th Cross St above the median.

Stamp duty and registration fee for property in Krishna Nagar 7 th Cross St

For a plot measuring 1,000 sq.ft 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 amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total charges 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.

You can calculate your potential costs using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishna Nagar 7 th Cross St?

The Krishna Nagar 7 th Cross St is covered by 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 when buying or selling property in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price of the property.

When a property is registered, the authorities will charge the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Krishna Nagar 7 th Cross St?

The current guideline value of Krishna Nagar 7 th Cross 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 2023 to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,680 per sq.ft in 2017, showing a 49% increase from then to 2023.

What is the land classification for Krishna Nagar 7 th Cross St?

The land classification for Krishna Nagar 7 th Cross St is Residential Special Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Krishna Nagar 7 th Cross St?

The Sub Registrar Office covering Krishna Nagar 7 th Cross St is located at No.26, mes Road, East Tambaram, Chennai-600059. This office is part of the Chengalpattu registration zone.

How is stamp duty calculated for properties in Krishna Nagar 7 th Cross St?

Stamp duty for properties in Krishna Nagar 7 th Cross St is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.