Guideline Value for Krishna Nagar

Krishna Nagar guideline value

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

How the guideline value of Krishna Nagar has changed

The guideline value for Krishna Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was set at Rs 100 per sq.ft. This value increased to Rs 200 per sq.ft in 2012, marking a 100% rise. However, it then decreased to Rs 134 per sq.ft in 2017, which was a reduction of 33%. The value remained at Rs 200 per sq.ft in the 2023 revision, showing no change from the previous year. As of the 2024 revision, the guideline value is again Rs 200 per sq.ft, maintaining the same rate as 2023.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 100%.

Guideline values in Perinjampakkam

In Perinjampakkam, there are 18 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value in this village is Rs 150 per sq.ft, placing Krishna Nagar above this median.

• Jothibasu Nagar: Rs 500 per sq.ft (2024)
• M.G.R.Cross Street: Rs 100 per sq.ft (2024)
• M.G.R.Nagar: Rs 100 per sq.ft (2024)
• Indhira Nagar 2nd Street: Rs 100 per sq.ft (2024)
• Indhira Nagar 1st Street: Rs 100 per sq.ft (2024)
• Rajiv Nagar: Rs 150 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, while the registration fee at 2% would be Rs 4,000. Therefore, the total cost for stamp duty and registration would be Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishna Nagar?

The Sub Registrar Office that covers Krishna Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more assistance.

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

The guideline value is a crucial factor during the registration process of property transactions in Perinjampakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Krishna Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the rate at Rs 200 per sq.ft, the same as in 2023. The value has seen a significant increase from Rs 100 per sq.ft in 2007 to Rs 200 per sq.ft in 2012 and again in 2024.

What is the median guideline value in Perinjampakkam?

The median guideline value in Perinjampakkam is Rs 150 per sq.ft. Krishna Nagar's current guideline value is above this median.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles property registrations for Krishna Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations for Krishna Nagar. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.