Guideline Value for KRITHIKA CITY

Krithika City guideline value

The current guideline value of Krithika City is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under the Thiruporur SRO and is classified as Residential Class II Type - III.

How the guideline value of Krithika City has changed

Looking at the revisions, the earliest available figure is from 2002, but the register has no figure for this street in that year. This pattern continues for the years 2003, 2007, 2012, and 2017, where the register has no figure for this street. The most recent revision in 2023 shows the guideline value at Rs 1,500 per sq.ft, which has remained unchanged from previous years.

In summary, the guideline value for Krithika City was established at Rs 1,500 per sq.ft in the 2023 revision, with no changes noted in the revisions prior to that year. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Guideline values in Thaiyur-A

Currently, there are no specific village figures provided for Thaiyur-A. However, Krithika City is part of this area, which has its own unique guideline value. Below are the other streets in Thaiyur-A:

Stamp duty and registration fee for property in Krithika City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to 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, making the total cost for these fees Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krithika City?

The Sub Registrar Office that covers Krithika City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thaiyur-A

The guideline value plays a crucial role in the registration process of property transactions in Thaiyur-A. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

It is essential for buyers and sellers to understand that the guideline value is set by the government and can significantly influence the overall costs associated with property transactions. This value serves as a reference point for calculating taxes and fees during the registration process.

Frequently asked questions

What is the current guideline value of Krithika City?

The current guideline value of Krithika City is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Krithika City has remained at Rs 1,500 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of land in Krithika City?

Krithika City is classified as Residential Class II Type - III, indicating its intended use for residential purposes.

How are stamp duty and registration fees calculated in Krithika City?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value or the sale price, also whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.