Guideline Value for Krishna Nagar Main Road

Krishna Nagar Main Road guideline value

The current guideline value of Krishna Nagar Main Road is Rs 3,301 per sq.ft, effective from 1 July 2024. This road is located in Peravallur village under the Sembiam SRO, classified as Residential Special Type - II.

How the guideline value of Krishna Nagar Main Road has changed

Over the years, the guideline value of Krishna Nagar Main Road has seen several revisions. Starting from the 2007 revision, the value was Rs 700 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 329%. However, the value then decreased to Rs 2,010 per sq.ft in 2017, a reduction of 33%. The subsequent revision in 2023 brought the value back up to Rs 3,000 per sq.ft, and the latest revision in 2024 set the value at Rs 3,301 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 372%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value is Rs 3,301 per sq.ft, which is equal to the current guideline value of Krishna Nagar Main Road.

• Krishna Nagar 3rd Street: Rs 3,301 per sq.ft (2024)
• Krishna Nagar 2nd Street: Rs 3,301 per sq.ft (2024)
• Krishna Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Krishnamurthy Street @ Bashyam 3rd Street: Rs 3,301 per sq.ft (2024)
• Krishnamurthy Street: Rs 3,301 per sq.ft (2024)
• Kolathur Road: Rs 4,200 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 3,301 per sq.ft, the total guideline value would be Rs 33,01,000. The stamp duty at 7% would be Rs 2,31,070, and the registration fee at 2% would be Rs 66,020, making the total cost Rs 2,97,090. 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 detailed calculations.

Which Sub Registrar Office covers Krishna Nagar Main Road?

The Sub Registrar Office that covers Krishna Nagar Main Road is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peravallur. It determines the minimum value at which the property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

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 3,301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 700 per sq.ft to Rs 3,301 per sq.ft in 2024, reflecting significant changes across various revisions.

What are the other streets in Peravallur with similar guideline values?

Other streets in Peravallur, such as Krishna Nagar 3rd Street and Krishnamurthy Street, also have a guideline value of Rs 3,301 per sq.ft in 2024.

What fees are associated with property registration?

When registering property, buyers must pay stamp duty and registration fees based on the guideline value or sale price, whichever is higher. For example, a property valued at Rs 33,01,000 would incur significant fees.

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

The Sub Registrar Office for Krishna Nagar Main Road is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.