Guideline Value for Krishna Nagar

Krishna Nagar guideline value

The current guideline value of Krishna Nagar, located in Karanaipuducheri village under the Gooduvancheri SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - I land classification.

How the guideline value of Krishna Nagar has changed

Over the years, the guideline value of Krishna Nagar has seen several revisions. The earliest recorded figure is from 2007, when the guideline value was Rs 230 per sq.ft. This figure increased significantly to Rs 1,200 per sq.ft in 2012, marking a substantial rise of 422%. However, it then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The value remained stable at Rs 1,200 per sq.ft from 2017 to 2023, and it has not changed from 2023 to 2024, maintaining the same rate of Rs 1,200 per sq.ft.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 422%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO, with guideline values for 2024 ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 802 per sq.ft, placing Krishna Nagar's 2024 figure above this median.

• K.P.N Platinum City: Rs 1,200 per sq.ft (2024)
• Kpn Nagar: Rs 1,100 per sq.ft (2024)
• Kpn Grand: Rs 1,500 per sq.ft (2024)
• Kpn Avenue: Rs 1,100 per sq.ft (2024)
• Krishna Nagar Extension: Rs 700 per sq.ft (2024)
• K.K.R Nagar Phase - II: 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 guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total fees together Rs 1,08,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishna Nagar?

The Krishna Nagar area is covered by 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 Karanaipuducheri

The guideline value is a crucial factor in property transactions in Karanaipuducheri, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When purchasing a property, the guideline value will influence the stamp duty and registration fees applicable. It is essential for both parties to be aware of these values to avoid any discrepancies during the transaction.

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 several revisions, with the most significant increase occurring from Rs 230 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, followed by a decrease to Rs 804 per sq.ft in 2017, and then stabilizing at Rs 1,200 per sq.ft from 2017 to 2024.

What is the median guideline value in Karanaipuducheri?

The median guideline value for streets in Karanaipuducheri is Rs 802 per sq.ft, with Krishna Nagar's 2024 figure being above this median.

What are the stamp duty rates for properties in Krishna Nagar?

The stamp duty for properties in Krishna Nagar is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

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

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