Guideline Value for Krishna Nagar

Krishna Nagar guideline value

The current guideline value of Krishna Nagar, located in Thiruverkadu village under the Kunrathur Sub Registrar Office (SRO), is Rs 1,540 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Krishna Nagar has changed

Over the years, the guideline value of Krishna Nagar has seen significant changes. The 2007 revision recorded a value of Rs 250 per sq.ft, which rose dramatically to Rs 1,400 per sq.ft in 2012, marking an increase of 460%. However, the value then dropped to Rs 938 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision set the value at Rs 1,400 per sq.ft, and the latest 2024 revision has increased it to Rs 1,540 per sq.ft, a rise of 10%.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 516%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO, with 2024 guideline values ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value is Rs 1,540 per sq.ft, which is equal to the guideline value of Krishna Nagar. Below are other streets in Thiruverkadu:

• K.P.S. Nagar Main Road: Rs 1,540 per sq.ft (2024)
• K.P.S. Nagar 3rd Cross Street: Rs 1,540 per sq.ft (2024)
• K.P.S. Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• K.P.S. Nagar 1st Cross Street: Rs 1,540 per sq.ft (2024)
• K.P.S. Nagar: Rs 1,540 per sq.ft (2024)
• K.N.V. Nagar Main Road: Rs 1,540 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 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, while the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishna Nagar?

The Sub Registrar Office that covers Krishna Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thiruverkadu. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider the guideline value as it serves as a benchmark for the transaction value.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Krishna Nagar?

The current guideline value of Krishna Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent increase from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, which is a 10% increase.

What is the land classification for Krishna Nagar?

Krishna Nagar falls under the Residential Class I Type - I land classification.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total cost would be Rs 1,38,600.

Which Sub Registrar Office covers Krishna Nagar?

The Kunrathur Sub Registrar Office covers Krishna Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.