Guideline Value for Krishna Nagar, 1st Street,

Krishna Nagar, 1st Street, guideline value

The current guideline value of Krishna Nagar, 1st Street, is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Krishna Nagar, 1st Street, has changed

The guideline value for Krishna Nagar, 1st Street, has undergone several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 1,541 per sq.ft. This increased significantly to Rs 2,300 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw the value increase to Rs 2,530 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Krishna Nagar, 1st Street, above this median.

• Krishna Nagar /2nd Cross Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar / 1st Cross Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar / 3rd Cross Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar / 4th Cross Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar / 5th Cross Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar ,5th Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar, 1st Street,

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total fees together to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishna Nagar, 1st Street,?

The Sub Registrar Office that covers Krishna Nagar, 1st Street, is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately and that the appropriate fees are collected. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Krishna Nagar, 1st Street?

The current guideline value of Krishna Nagar, 1st Street, is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,541 per sq.ft in 2017 to Rs 2,530 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets in Pammal with the same guideline value?

Other streets in Pammal with the same guideline value of Rs 2,530 per sq.ft include Krishna Nagar /2nd Cross Street, Krishna Nagar /1st Cross Street, Krishna Nagar /3rd Cross Street, Krishna Nagar /4th Cross Street, Krishna Nagar /5th Cross Street, and Krishna Nagar ,5th Street.

What is the stamp duty for a property in Krishna Nagar, 1st Street?

The stamp duty for a property in Krishna Nagar, 1st Street, is 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 1,77,100.

Where is the Sub Registrar Office for Krishna Nagar, 1st Street?

The Sub Registrar Office covering Krishna Nagar, 1st Street, is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.