Guideline Value for Krithika Garden I & II

Krithika Garden I & II guideline value

The current guideline value of Krithika Garden I & II is Rs 520 per sq.ft, effective from 1 July 2024. This property is located in Puthuper village under the Sriperumpudur SRO, classified as a New House Site Type -III (Approved Lay-Out).

How the guideline value of Krithika Garden I & II has changed

Since the 2012 revision, the guideline value for Krithika Garden I & II has seen several changes. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 500 per sq.ft. The most recent revision in 2024 raised the value to Rs 520 per sq.ft, marking a 4% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 4%.

Guideline values in Puthuper

Puthuper village has 39 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 1,350 per sq.ft as of 2024. The median value for these streets is Rs 400 per sq.ft, placing Krithika Garden I & II above this median.

• Kumaran Nagar: Rs 400 per sq.ft (2024)
• Kundrathur Main Road: Rs 520 per sq.ft (2024)
• Mahalakshmi Garden: Rs 896 per sq.ft (2024)
• Kanniamman Koil Street: Rs 400 per sq.ft (2024)
• Kamatchi Nagar Annex: Rs 400 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Krithika Garden I & II

For a 1,000 sq.ft plot at the current guideline value of Rs 520 per sq.ft, the total guideline value would be Rs 5,20,000. The stamp duty at 7% would amount to Rs 36,400, while the registration fee at 2% would be Rs 10,400, making the total fees Rs 46,800. Please note that the 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 Krithika Garden I & II?

The Sub Registrar Office that covers Krithika Garden I & II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

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

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Krithika Garden I & II?

The current guideline value of Krithika Garden I & II is Rs 520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 520 per sq.ft in 2024.

What is the median guideline value in Puthuper village?

The median guideline value in Puthuper village is Rs 400 per sq.ft, with Krithika Garden I & II being above this median at Rs 520 per sq.ft.

What are the stamp duty and registration fees for a property in Krithika Garden I & II?

For a 1,000 sq.ft plot valued at Rs 5,20,000, the stamp duty would be Rs 36,400 and the registration fee would be Rs 10,400, totaling Rs 46,800.

Which office handles registrations for properties in Krithika Garden I & II?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles registrations for properties in Krithika Garden I & II.