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Guideline Value

Corporate

Guideline Value for Krishna Nagar I, II and III

₹1320/sq.ft.

The guideline value for Krishna Nagar I, Ii And Iii in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Krishna Nagar I, Ii And Iii

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Krishna Nagar I, II and III guideline value

The current guideline value for Krishna Nagar I, II and III in Varadarajapuram village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Padappai Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Krishna Nagar I, II and III has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 804 per sq.ft, marking a significant drop of 33%. From 2017 to 2023, the value increased to Rs 1,200 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 saw the guideline value rise to Rs 1,320 per sq.ft, an increase of 10% from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,100 per sq.ft. The median guideline value for the area is Rs 1,650 per sq.ft, placing Krishna Nagar I, II and III below this median.

Stamp duty and registration fee for property in Krishna Nagar I, II and III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Krishna Nagar I, II and III?

The Krishna Nagar I, II and III area is covered by the Padappai Sub Registrar Office located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Varadarajapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects the prevailing market conditions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that are payable. Buyers should be aware that these costs are based on the higher of the guideline value or the sale price, which can significantly impact the overall financial commitment involved in the transaction.

Frequently asked questions

What is the current guideline value for Krishna Nagar I, II and III?

The current guideline value for Krishna Nagar I, II and III is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the stamp duty rates for property in Krishna Nagar I, II and III?

The stamp duty for property in Krishna Nagar I, II and III is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Krishna Nagar I, II and III?

The Sub Registrar Office covering Krishna Nagar I, II and III is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the median guideline value for streets in Varadarajapuram?

The median guideline value for the streets in Varadarajapuram is Rs 1,650 per sq.ft, which is higher than the guideline value for Krishna Nagar I, II and III.