Guideline Value for Krishnan Street, Nehru Nagar

Krishnan Street, Nehru Nagar guideline value

The current guideline value of Krishnan Street, Nehru Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Krishnan Street, Nehru Nagar has changed

The guideline value for Krishnan Street has seen several revisions over the years. The earliest recorded value is from the 2017 revision, which was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 2,090 per sq.ft, placing Krishnan Street's 2024 figure above this median.

• Krishnan Street (N.D.) Pasumpon Nagar: Rs 2,200 per sq.ft (2024)
• Krishnan Street (G) Lord Srinivasa Colony: Rs 2,200 per sq.ft (2024)
• Krishnasamy Street, Muthamiaz Nagar: Rs 2,475 per sq.ft (2024)
• Krishna Nagar ,6th Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar ,5th Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar / 5th Cross Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnan Street, Nehru Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Krishnan Street, Nehru Nagar?

The Sub Registrar Office that covers Krishnan Street, Nehru Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value or the sale price, whichever is higher, is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is documented accurately and reflects the current market conditions.

Frequently asked questions

What is the current guideline value of Krishnan Street, Nehru Nagar?

The current guideline value of Krishnan Street, Nehru Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the median guideline value in Pammal?

The median guideline value in Pammal for 2024 is Rs 2,090 per sq.ft, with Krishnan Street's value being above this median.

What are the stamp duty and registration fees for properties in Krishnan Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Krishnan Street, Nehru Nagar?

The Pammal Sub Registrar Office handles registrations for Krishnan Street, Nehru Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.