Guideline Value for Krishna Nagar Annexe - III

Krishna Nagar Annexe - III guideline value

The current guideline value of Krishna Nagar Annexe - III is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Grandlyon village under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Krishna Nagar Annexe - III has changed

The guideline value for Krishna Nagar Annexe - III has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 660 per sq.ft, up from Rs 600 per sq.ft in 2023, marking a 10% increase. Prior to that, the 2017 revision recorded a value of Rs 402 per sq.ft, which means there was a significant rise of 49% from 2017 to 2023, and an overall increase of 64% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Grandlyon

In Grandlyon village, there are 82 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,500 per sq.ft. The median value is Rs 660 per sq.ft, which is also the current guideline value for Krishna Nagar Annexe - III.

• Krishna Nagar Annex II: Rs 660 per sq.ft (2024)
• Krishna Nagar-II: Rs 660 per sq.ft (2024)
• Kavery Nagar: Rs 440 per sq.ft (2024)
• Kattabomman Street: Rs 660 per sq.ft (2024)
• Karpagam Nagar Annex: Rs 880 per sq.ft (2024)
• Karpagam Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar Annexe - III

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, leading to a total of Rs 59,400. 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 Annexe - III?

The Sub Registrar Office that covers Krishna Nagar Annexe - III is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Grandlyon. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Krishna Nagar Annexe - III?

The current guideline value of Krishna Nagar Annexe - III is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 402 per sq.ft in 2017 to Rs 660 per sq.ft in 2024, showing an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Krishna Nagar Annexe - III?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which Sub Registrar Office covers this area?

The Redhills Sub Registrar Office covers Krishna Nagar Annexe - III, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Krishna Nagar Annexe - III?

Krishna Nagar Annexe - III is classified as Residential Class II Type - I according to the local land classification regulations.