Guideline Value for Krishna Nagar Main Road

Krishna Nagar Main Road guideline value

The current guideline value of Krishna Nagar Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This road is located in Ullagaram village, under the jurisdiction of the Alandur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Krishna Nagar Main Road has changed

The guideline value of Krishna Nagar Main Road has seen several revisions over the years. Starting from Rs 300 per sq.ft in 2002, the value increased to Rs 336 per sq.ft in 2003. The next significant jump occurred in 2007, where it rose to Rs 1,200 per sq.ft, marking a 257% increase. In 2012, the value was Rs 2,500 per sq.ft, showing a substantial increase of 108% from the previous revision. However, it dropped to Rs 1,675 per sq.ft in 2017, reflecting a decrease of 33%. The value then increased to Rs 2,500 per sq.ft in 2023, followed by the latest revision in 2024, where it stands at Rs 2,800 per sq.ft, a 12% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 833%. There are no figures available for the revisions in years not mentioned in the register.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 2,800 per sq.ft, which is the same as the guideline value for Krishna Nagar Main Road.

• Krishna Nagar Main: Rs 2,800 per sq.ft (2024)
• Krishna Nagar 3rd Street: Rs 2,800 per sq.ft (2024)
• Krishna Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• Krishna Nagar 1st Street: Rs 2,800 per sq.ft (2024)
• Krishnayar Street: Rs 2,800 per sq.ft (2024)
• Kubera Munusamy Street: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total charges to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishna Nagar Main Road?

The Sub Registrar Office that covers Krishna Nagar Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in compliance with the local regulations. Buyers and sellers should be aware of the current guideline value to accurately assess the costs involved in their property transactions.

Frequently asked questions

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

The current guideline value of Krishna Nagar Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 300 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 833% over the years.

What is the land classification for Krishna Nagar Main Road?

The land classification for Krishna Nagar Main Road is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Krishna Nagar Main Road?

The Sub Registrar Office for Krishna Nagar Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Ullagaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 28,00,000, the stamp duty at 7% would be Rs 1,96,000.