Guideline Value for SREE KRISHNA NAGAR

Sree Krishna Nagar guideline value

The current guideline value of Sree Krishna Nagar, located in Kattankollatur village under the Chengleput Joint II SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - V.

How the guideline value of Sree Krishna Nagar has changed

Over the years, the guideline value for Sree Krishna Nagar has seen several revisions. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase from Rs 1,200 per sq.ft in 2023, which represents a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 804 per sq.ft, marking a significant increase of 49% from the 2017 figure to the 2023 figure. The 2012 revision also had a value of Rs 1,200 per sq.ft, indicating a decrease of 33% from the 2012 to the 2017 revision. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no registered figures for Sree Krishna Nagar in the years 2002, 2003, and 2007. This lack of data means that the changes in guideline value during those years cannot be assessed.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft as of 2024. The median guideline value in this area is Rs 1,100 per sq.ft, placing Sree Krishna Nagar's 2024 figure above the median.

• South Ganapathy Nagar (Pa): Rs 660 per sq.ft (2024)
• Southern County Phase - III: Rs 1,980 per sq.ft (2024)
• Sms Nagar: Rs 1,100 per sq.ft (2024)
• Sri Balaji Nagar(West) Kattankolathur (Ward -18): Rs 990 per sq.ft (2024)
• S.K.R. Avenue (Ward -19): Rs 990 per sq.ft (2024)
• Sri Bavani Nagar Peramanur (Ward -15): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Krishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these charges Rs 1,18,800. It is important to note that the stamp 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 Sree Krishna Nagar?

Sree Krishna Nagar falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to understand that the guideline value can influence the overall cost of registration. Buyers and sellers should ensure they are aware of the current guideline value to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Sree Krishna Nagar?

The current guideline value of Sree Krishna Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, with several revisions in between, including Rs 1,200 per sq.ft in 2023 and 2012.

What is the land classification for Sree Krishna Nagar?

Sree Krishna Nagar is classified as Residential Special Type - V, indicating its designated use for residential purposes.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated in Kattankollatur?

Stamp duty in Kattankollatur is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at a rate of 7%.