Guideline Value

Corporate

Guideline Value for Krishna Nagar Main Rd

₹4400/sq.ft.

The guideline value for Krishna Nagar Main Rd 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 ₹450 /sq.ft.
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 Main Rd

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Krishna Nagar Main Rd guideline value

The current guideline value of Krishna Nagar Main Rd is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - II.

How the guideline value of Krishna Nagar Main Rd has changed

The guideline value for Krishna Nagar Main Rd has seen significant changes over the years. The earliest recorded figure is from 2007, where the value was Rs 450 per sq.ft. This increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 789%. However, between 2012 and 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, and further rose to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 878%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

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 is Rs 3,300 per sq.ft, placing Krishna Nagar Main Rd's current value above this median.

Stamp duty and registration fee for property in Krishna Nagar Main Rd

For a 1,000 sq.ft plot 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 be Rs 3,08,000, and the registration fee at 2% would amount to Rs 88,000, making the total cost for these fees 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 use the stamp duty and registration fee calculator for more information on calculating these fees.

Which Sub Registrar Office covers Krishna Nagar Main Rd?

The Krishna Nagar Main Rd 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 details.

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 determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for legal and taxation purposes.

When you approach the registration office, the guideline value will be used to calculate the stamp duty and registration fees, which are mandatory for the transfer of property ownership. This process helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Krishna Nagar Main Rd?

The current guideline value of Krishna Nagar Main Rd 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 significantly from Rs 450 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 878% over the years.

What is the land classification for Krishna Nagar Main Rd?

Krishna Nagar Main Rd is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties here?

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

Which office handles the registration for Krishna Nagar Main Rd?

The registration for Krishna Nagar Main Rd is handled by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.