Guideline Value for Krishna nagar

Krishna nagar guideline value

The current guideline value for Krishna nagar is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Nallur village, under the Sriperumpudur Sub Registrar Office (SRO), and is classified as a New House Site Type -III (Approved Lay-Out).

How the guideline value of Krishna nagar has changed

In the 2012 revision, the guideline value was set at Rs 350 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 234 per sq.ft, reflecting a decrease of 33%. The value then increased by 50% to Rs 350 per sq.ft in the 2023 revision. The 2024 revision maintains this figure at Rs 350 per sq.ft, showing no change from the previous year.

The register has no figure for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions available are from 2012, 2017, 2023, and 2024.

Guideline values in Nallur

Nallur village has a total of 33 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 126 to Rs 700 per sq.ft as of 2024. The median guideline value in this village is Rs 250 per sq.ft, placing Krishna nagar's 2024 figure above that median.

• KJR nagar: Rs 350 per sq.ft (2024)
• Kariman Nagar: Rs 150 per sq.ft (2024)
• Mangala Nagar: Rs 175 per sq.ft (2024)
• Indra Nagar part - II: Rs 250 per sq.ft (2024)
• Indira Nagar: Rs 250 per sq.ft (2024)
• HiTech City: Rs 175 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 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Krishna nagar?

The Krishna nagar area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nallur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than the negotiated sale price.

When a property is registered, the guideline value is used to calculate the applicable fees, which helps maintain transparency and consistency in property transactions. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Krishna nagar?

The current guideline value of Krishna nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then back to Rs 350 per sq.ft in 2023 and 2024. The 2023 to 2024 revision saw no change.

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

For a 1,000 sq.ft plot valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Krishna nagar?

The Sriperumpudur Sub Registrar Office covers Krishna nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification of Krishna nagar?

Krishna nagar is classified as a New House Site Type -III (Approved Lay-Out), which indicates its suitability for residential development.