Guideline Value for SAI KRISHNA NAGAR

Sai Krishna Nagar guideline value

The current guideline value of Sai Krishna Nagar is Rs 2,500 per sq.ft, as per the 2023 revision. This area falls under the Thiruporur Sub Registrar Office and is classified as Commercial Class I Type - II.

How the guideline value of Sai Krishna Nagar has changed

In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,675 per sq.ft, marking a drop of 33%. However, in the 2023 revision, the guideline value increased to Rs 2,500 per sq.ft again, resulting in a significant rise of 49% from the 2017 figure. The register has no figures for the years 2002, 2003, and 2007, and likewise for 2024.

Overall, comparing the 2012 and 2023 revisions, the guideline value has remained the same at Rs 2,500 per sq.ft. The fluctuations between these years highlight the dynamics of the guideline value in Sai Krishna Nagar.

Guideline values in Padur

Currently, there are no specific village figures available for Padur. Sai Krishna Nagar is one of the streets under the Thiruporur SRO. Other streets in Padur include:

Stamp duty and registration fee for property in Sai Krishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total charges to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Krishna Nagar?

The Sai Krishna Nagar area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the fees are aligned with the current market conditions as reflected in the guideline value.

Frequently asked questions

What is the current guideline value of Sai Krishna Nagar?

The current guideline value of Sai Krishna Nagar is Rs 2,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, before returning to Rs 2,500 per sq.ft in 2023. The overall change from 2012 to 2023 is 0%.

What are the stamp duty and registration fees for property in Sai Krishna Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft property, the total charges would be Rs 2,25,000.

Which office handles property registration for Sai Krishna Nagar?

The Thiruporur Sub Registrar Office handles property registration for Sai Krishna Nagar. It is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there other streets in Padur with guideline values?

Currently, there are no specific guideline values available for other streets in Padur. Sai Krishna Nagar is the only street mentioned under the Thiruporur SRO.