Guideline Value for Krishna Nagar

Krishna Nagar guideline value

The current guideline value of Krishna Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Thiruvallur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Krishna Nagar has changed

The guideline value for Krishna Nagar has undergone several revisions over the years. The earliest figure available is from 2007, which was Rs 500 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, reflecting a 100% rise. However, it then decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%. The value saw a significant increase to Rs 1,000 per sq.ft in 2023 and further rose to the current rate of Rs 1,100 per sq.ft in 2024, a change of 10%.

Between the revisions, the overall increase from 2007 to 2024 is 120%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the guideline value for Krishna Nagar.

• Kosa St: Rs 880 per sq.ft (2024)
• Kondammapuram Street: Rs 3,300 per sq.ft (2024)
• Kommu Street: Rs 1,100 per sq.ft (2024)
• Kumanan Street: Rs 1,100 per sq.ft (2024)
• Kumaran Cross Street: Rs 1,100 per sq.ft (2024)
• K.K. Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial figure used in property transactions in Thiruvallur. It serves as the basis for calculating stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value helps determine the financial obligations associated with the transaction. It is essential for both parties to understand this value to avoid any potential disputes 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 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What is the land classification of Krishna Nagar?

Krishna Nagar is classified as Residential Class I Type - III under the guidelines set by the local authorities.

Where can I find the registration office for Krishna Nagar?

The registration office for Krishna Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for properties in Krishna Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000.