Guideline Value for Krishna Nagar

Krishna Nagar guideline value

The current guideline value of Krishna Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Krishna Nagar has changed

In the 2017 revision, the guideline value was set at Rs 804 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,200 per sq.ft. The most recent 2024 revision has kept the guideline value at Rs 1,200 per sq.ft, resulting in a 49% increase overall from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The change from 2017 to 2023 was a significant jump of 49%, but from 2023 to 2024, there has been no change, maintaining the rate at Rs 1,200 per sq.ft.

Guideline values in Gooduvancheri

Gooduvancheri village has a total of 129 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing Krishna Nagar's 2024 value below the median.

• K.K. Nagar: Rs 2,001 per sq.ft (2024)
• KJ Nagar Extn: Rs 1,000 per sq.ft (2024)
• K.J. Nagar: Rs 1,200 per sq.ft (2024)
• Kumaran Nagar: Rs 1,500 per sq.ft (2024)
• Kupuswamy Nayakar Street: Rs 2,001 per sq.ft (2024)
• Kupuswamy Pillai Street: Rs 1,200 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 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Krishna Nagar?

The Sub Registrar Office that covers Krishna Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Gooduvancheri. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are essential for the legal transfer of property ownership.

It is important for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. Ensuring compliance with the guideline value helps in smooth registration processes at the Sub Registrar Office.

Frequently asked questions

What is the current guideline value of Krishna Nagar?

The current guideline value of Krishna Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a significant increase of 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2024. The value remained unchanged at Rs 1,200 per sq.ft from 2023 to 2024.

What are the other streets in Gooduvancheri and their guideline values?

Other streets in Gooduvancheri have varying guideline values, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft.

What fees are applicable for property transactions in Krishna Nagar?

For a property valued at Rs 12,00,000, the total stamp duty would be Rs 84,000, and the registration fee would be Rs 24,000, totaling Rs 1,08,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Krishna Nagar located?

The Sub Registrar Office for Krishna Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.