Guideline Value for SAI KRISHNA NAGAR

Sai Krishna Nagar guideline value

The current guideline value of Sai Krishna Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Devathanam village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sai Krishna Nagar has changed

In the 2017 revision, the guideline value was Rs 67 per sq.ft. This figure increased by 49% to Rs 100 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for Sai Krishna Nagar. Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value.

Guideline values in Devathanam

In Devathanam, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 111 per sq.ft, with the median being Rs 100 per sq.ft. Sai Krishna Nagar's 2024 figure aligns with this median.

• Sai Saran Nagar: Rs 100 per sq.ft (2024)
• Sakthi Sai Garden: Rs 100 per sq.ft (2024)
• Royal Modern City Phase II: Rs 100 per sq.ft (2024)
• Semmozhi Nagar Part II: Rs 100 per sq.ft (2024)
• Semmozhi Nagar Part III: Rs 100 per sq.ft (2024)
• Sri Ragavendhra Nagar: Rs 111 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Krishna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Krishna Nagar?

The Sai Krishna Nagar area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Devathanam. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to determine the stamp duty payable, which is essential for legal documentation and transfer of ownership.

Frequently asked questions

What is the current guideline value of Sai Krishna Nagar?

The current guideline value of Sai Krishna Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, from Rs 67 per sq.ft to Rs 100 per sq.ft in 2024.

What is the classification of land in Sai Krishna Nagar?

Sai Krishna Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, and the registration fee is 2% of the guideline value or sale price.