Guideline Value for Krishnaveni Nagar

Krishnaveni Nagar guideline value

The current guideline value of Krishnaveni Nagar, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Krishnaveni Nagar has changed

The guideline value for Krishnaveni Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, when it dropped to Rs 1,005 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 1,500 per sq.ft. The 2024 revision maintained this figure, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 1,500 per sq.ft.

Guideline values in Nandhivaram

Nandhivaram has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,500 per sq.ft, which is equal to the current value of Krishnaveni Nagar.

• Krishnapuram 1 to 3 Main Road: Rs 1,500 per sq.ft (2024)
• Krishnapuram 1 to 3 Cross Streets: Rs 1,500 per sq.ft (2024)
• Kubera Nagar: Rs 3,500 per sq.ft (2024)
• Kulakkarai Street: Rs 1,000 per sq.ft (2024)
• K.K. Avenue: Rs 1,500 per sq.ft (2024)
• Lakshmi Garden: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnaveni Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is essential 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 Krishnaveni Nagar?

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

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

The guideline value is a crucial component in the registration process for property transactions in Nandhivaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid potential legal issues during registration.

Frequently asked questions

What is the current guideline value of Krishnaveni Nagar?

The current guideline value of Krishnaveni Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007.

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

For a 1,000 sq.ft plot at the guideline value of Rs 1,500 per sq.ft, the total guideline value is Rs 15,00,000. The stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers Krishnaveni Nagar?

The Gooduvancheri Sub Registrar Office covers Krishnaveni Nagar, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri - 603202, Chengalpattu registration zone.

What is the land classification for Krishnaveni Nagar?

The land classification for Krishnaveni Nagar is Residential Special Type - I, which indicates the type of development allowed in this area.