Guideline Value for T.S. Krishna Nagar

T.S. Krishna Nagar guideline value

The current guideline value of T.S. Krishna Nagar is Rs 7,100 per sq.ft, effective from 1 July 2024. This locality is situated in Mugappair village, under the Konnur SRO, and is classified as Residential Special Type - I.

How the guideline value of T.S. Krishna Nagar has changed

The guideline value of T.S. Krishna Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 981 per sq.ft, which increased to Rs 2,000 per sq.ft in 2007, marking a 104% rise. The value then surged to Rs 6,500 per sq.ft in 2012, a 225% increase. However, it dropped to Rs 4,355 per sq.ft in 2017, reflecting a 33% decrease. The value rose again to Rs 6,500 per sq.ft in 2023, a 49% increase, and finally reached Rs 7,100 per sq.ft in 2024, a 9% increase.

The register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 624%.

Guideline values in Mugappair

Mugappair village has 224 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value is Rs 7,100 per sq.ft, which is the same as the guideline value for T.S. Krishna Nagar. Below are the guideline values for other streets in Mugappair:

• TNHB Mogappair West Block 8: Rs 8,800 per sq.ft (2024)
• TNHB Mogappair West Block 7: Rs 8,800 per sq.ft (2024)
• TNHB Mogappair West Block 6: Rs 8,800 per sq.ft (2024)
• TNHB Mogappair West Block 5: Rs 8,800 per sq.ft (2024)
• TNHB Mogappair West Block 4: Rs 8,800 per sq.ft (2024)
• TNHB Mogappair West Block 3: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in T.S. Krishna Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, making the total Rs 6,39,000. It is important to note that 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 T.S. Krishna Nagar?

The Sub Registrar Office that covers T.S. Krishna Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mugappair. It serves as the basis for calculating stamp duty and registration fees, ensuring that transactions are conducted at a fair value as determined by the government.

Frequently asked questions

What is the current guideline value of T.S. Krishna Nagar?

The current guideline value of T.S. Krishna Nagar is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 981 per sq.ft in 2003 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 624% over the years.

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

For a 1,000 sq.ft property, the total stamp duty and registration fees amount to Rs 6,39,000 based on the current guideline value of Rs 71,00,000.

Which Sub Registrar Office covers T.S. Krishna Nagar?

The Konnur Sub Registrar Office covers T.S. Krishna Nagar, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for T.S. Krishna Nagar?

T.S. Krishna Nagar is classified as Residential Special Type - I, indicating its intended use for residential purposes.