Guideline Value for SITH KRISHNA NAGAR

Sith Krishna Nagar guideline value

The current guideline value of Sith Krishna Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Thachoor village and falls under the Ponneri SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Sith Krishna Nagar has changed

Over the years, the guideline value of Sith Krishna Nagar has seen significant changes. The most recent revision in 2024 set the value at Rs 400 per sq.ft, a substantial increase from Rs 150 per sq.ft in the 2023 revision, marking an increase of 167%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there were no recorded figures for Sith Krishna Nagar in the guideline value register. The 2024 figure of Rs 400 per sq.ft aligns with the median value of Rs 400 per sq.ft for the 17 streets in Thachoor under the Ponneri SRO that carry a 2024 figure, which range from Rs 300 to Rs 1,800 per sq.ft.

Guideline values in Thachoor

In Thachoor, the guideline values for various streets reflect a range of Rs 300 to Rs 1,800 per sq.ft, with Sith Krishna Nagar's 2024 figure being equal to the median of Rs 400 per sq.ft. Below are the guideline values for other streets in Thachoor:

• Sri Balaji Nagar: Rs 400 per sq.ft (2024)
• Sri Bhavani Amman Nagar: Rs 400 per sq.ft (2024)
• Sri Devi Gayathri Nagar: Rs 400 per sq.ft (2024)
• Sakthi Sai Nagar Phase II: Rs 400 per sq.ft (2024)
• Sai Kannan Homes: Rs 300 per sq.ft (2024)
• R.C.Modern City: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sith Krishna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, together totaling Rs 36,000. 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 Sith Krishna Nagar?

The Sub Registrar Office that covers Sith Krishna Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your specific SRO, you can visit find your SRO.

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

When buying or selling property in Thachoor, the guideline value plays a crucial role during the registration process. It is the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

The guideline value is determined by the government and is updated periodically. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and to understand their financial obligations during the property transaction.

Frequently asked questions

What is the current guideline value of Sith Krishna Nagar?

The current guideline value of Sith Krishna Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 150 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, which is an increase of 167%.

What is the land classification for Sith Krishna Nagar?

Sith Krishna Nagar is classified as Residential Class II Type - I.

Where can I find the Ponneri Sub Registrar Office?

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

How is the stamp duty calculated for properties in Sith Krishna Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000, leading to a stamp duty of Rs 28,000.