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 Padi village and falls under the Villivakkam SRO with a land classification of Residential Class II Type - II.

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

The guideline value for T.S.Krishna Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 6,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 4,355 per sq.ft. The value remained unchanged in the 2023 revision at Rs 6,500 per sq.ft, before rising to Rs 7,100 per sq.ft in the 2024 revision, marking a 9% increase.

From 2012 to 2024, the overall change in guideline value is an increase of 9%. The 2017 revision to 2023 saw a significant increase of 49%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Padi

In Padi, there are 354 streets under the Villivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 3,800 per sq.ft, placing T.S.Krishna Nagar's 2024 figure above this median.

• T.V.S.Avenue 33rd Street: Rs 6,600 per sq.ft (2024)
• T.V.S.Avenue 34th Street: Rs 6,600 per sq.ft (2024)
• T.V.S.AVENUE 35th STREET: Rs 6,600 per sq.ft (2024)
• T.V.S.AVENUE 36th STREET: Rs 6,600 per sq.ft (2024)
• T.V.S.AVENUE 37th STREET: Rs 6,600 per sq.ft (2024)
• T.V.S.AVENUE 38th STREET: Rs 6,600 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 guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to 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 fees together Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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

The Sub Registrar Office that covers T.S.Krishna Nagar is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

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 from Rs 6,500 per sq.ft in 2012 to Rs 4,355 per sq.ft in 2017, then to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,100 per sq.ft in 2024.

What are the stamp duty rates for property in T.S.Krishna Nagar?

The stamp duty rate for property transactions in T.S.Krishna Nagar is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in T.S.Krishna Nagar?

The Villivakkam Sub Registrar Office handles property registrations for T.S.Krishna Nagar, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Padi?

The median guideline value for streets in Padi is Rs 3,800 per sq.ft, with T.S.Krishna Nagar's 2024 figure being above this median.