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 July 1, 2024. This street is located in Thirumullaivoyal 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 seen several revisions over the years. The 2017 revision set the value at Rs 1,273 per sq.ft, which was increased to Rs 1,900 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value to Rs 2,000 per sq.ft, marking a 5% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 57%.

It is important to note that there are no recorded figures for Krishna Nagar in the revisions of 2002, 2003, 2007, and 2012. The significant jump from Rs 1,273 in 2017 to Rs 1,900 in 2023 reflects a 49% increase, followed by the more modest increase of 5% to the current value.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for the area is Rs 2,400 per sq.ft, placing Krishna Nagar's value below this median.

• Krishnan Street(Devi Nagar): Rs 2,400 per sq.ft (2024)
• Kodi Edai Nayagi Street(Mandikapuram): Rs 2,400 per sq.ft (2024)
• Kodi Edai Nayagi Nagar: Rs 990 per sq.ft (2024)
• Kuel pattu Street (Srisakthi Nagar): Rs 2,400 per sq.ft (2024)
• Kulakarai Street: Rs 2,700 per sq.ft (2024)
• K.K.Nagar Thiruveka Street: Rs 2,200 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 would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees to Rs 1,80,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our 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 Thirumullaivoyal

The guideline value is an essential factor when registering property transactions in Thirumullaivoyal. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

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 July 1, 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,273 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2024, reflecting a total increase of 57% over this period.

What are the stamp duty and registration fees for properties in Krishna Nagar?

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

Which office handles property registration for Krishna Nagar?

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

How does the guideline value affect property transactions?

The guideline value serves as a benchmark for property pricing and is used to calculate the stamp duty and registration fees during property transactions. It is crucial for buyers and sellers to be aware of the current guideline value when engaging in real estate transactions.