Guideline Value for krishna nagar

Krishna Nagar guideline value

The current guideline value of Krishna Nagar, located in Santhavellur village under the Sunguvarchattram SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - III.

How the guideline value of Krishna Nagar has changed

Looking at the revisions, the guideline value for Krishna Nagar was Rs 402 per sq.ft in 2017. The value remained unchanged at Rs 600 per sq.ft in the 2023 revision and continues at the same rate in the 2024 revision, showing a significant increase of 49% from 2017 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2024, the overall change in guideline value is also +49%. The stability in the last two revisions indicates that the guideline value has not fluctuated since 2023.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft. The median value is Rs 500 per sq.ft, placing Krishna Nagar's 2024 figure above this median.

• KKR Supreme City: Rs 2,002 per sq.ft (2024)
• Kullakkarai Street: Rs 300 per sq.ft (2024)
• Kumaran Nagar: Rs 305 per sq.ft (2024)
• Lucky Land: Rs 305 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 400 per sq.ft (2024)
• Kamarajar Street: Rs 200 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishna Nagar?

The Sub Registrar Office covering Krishna Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, 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 Santhavellur

The guideline value serves as a benchmark for property transactions in Santhavellur. It is used to calculate the stamp duty and registration fees when a property is bought or sold, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value is crucial as it determines the minimum value on which stamp duty is charged. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Krishna Nagar?

The current guideline value of Krishna Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2023, with a significant increase of 49% from Rs 402 per sq.ft in 2017.

What is the land classification of Krishna Nagar?

Krishna Nagar is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Krishna Nagar?

The Sub Registrar Office for Krishna Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for property in Krishna Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.