Guideline Value for krishna nagar

Krishna Nagar guideline value

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

How the guideline value of Krishna Nagar has changed

The guideline value for Krishna Nagar has seen several revisions over the years. In 2017, the guideline value was Rs 402 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded a guideline value of Rs 600 per sq.ft. The current revision in 2024 has maintained this value at Rs 600 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase in the guideline value. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. Krishna Nagar’s guideline value of Rs 600 per sq.ft is above this median.

• KKR Supreme City: Rs 2,000 per sq.ft (2024)
• Kullakkarai Street: Rs 300 per sq.ft (2024)
• Kumaran Nagar: Rs 300 per sq.ft (2024)
• Kurukku Street: Rs 300 per sq.ft (2024)
• Lucky Land: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 400 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 would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Krishna Nagar?

The Sub Registrar Office that covers Krishna Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Santhavellur_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected based on the established rates. This process helps maintain transparency and standardization in property dealings.

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 for Krishna Nagar has increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What is the land classification for Krishna Nagar?

Krishna Nagar is classified as Commercial Class I Type - III, indicating its designation for commercial use within the area.

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 properties in Krishna Nagar?

Stamp duty for properties in Krishna Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft would incur a total stamp duty of Rs 42,000.