Guideline Value for Krishna Nagar

Krishna Nagar guideline value

The current guideline value of Krishna Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Krishna Nagar has changed

The guideline value of Krishna Nagar has undergone several revisions over the years. The figures from the revisions are as follows: in 2017, the guideline value was Rs 1,273 per sq.ft, which increased to Rs 1,900 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 2,000 per sq.ft, marking a 5% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 57%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The transition from 2017 to 2023 saw a significant increase of 49% in the guideline value.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value for these streets is Rs 3,600 per sq.ft, indicating that the guideline value of Krishna Nagar is below this median.

• Krishnamoorthy Street (ramapuram): Rs 3,600 per sq.ft (2024)
• Krishnaji sukkal Street: Rs 4,000 per sq.ft (2024)
• Krishna Iyer Street: Rs 4,000 per sq.ft (2024)
• Krishnasamy masthri Street: Rs 3,600 per sq.ft (2024)
• KrishnaThirai Arangam Street: Rs 3,600 per sq.ft (2024)
• K.S.R.nagar: Rs 5,100 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty, charged at 7%, would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, leading to a total of Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishna Nagar?

The Sub Registrar Office that covers Krishna Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Krishna Nagar?

The current guideline value of Krishna Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,273 per sq.ft to Rs 2,000 per sq.ft in 2024, marking an overall increase of 57%.

What are the other streets in Ambattur with their guideline values?

Other streets in Ambattur include Krishnamoorthy Street, Krishnaji sukkal Street, Krishna Iyer Street, Krishnasamy masthri Street, KrishnaThirai Arangam Street, and K.S.R.nagar, with values ranging from Rs 3,600 to Rs 5,100 per sq.ft in 2024.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Krishna Nagar is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Krishna Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.