Guideline Value for SREE SAI KRISHNANAGAR

Sree Sai Krishnanagar guideline value

The current guideline value of Sree Sai Krishnanagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Athur B Block village under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of Sree Sai Krishnanagar has changed

The guideline value for Sree Sai Krishnanagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft. This remained unchanged in the 2017 revision, which saw a decrease to Rs 335 per sq.ft. The 2023 revision brought the value back to Rs 500 per sq.ft, which was maintained in the 2024 revision, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 500 per sq.ft.

Guideline values in Athur B Block

Athur B Block has a range of guideline values for its streets, with figures for 2024 ranging from Rs 268 to Rs 1,525 per sq.ft. The median value for the area is Rs 700 per sq.ft, indicating that Sree Sai Krishnanagar's current guideline value is below this median.

• Sree Mallinathan Nagar: Rs 500 per sq.ft (2024)
• Sri Adhinath Residency Phase -I: Rs 1,000 per sq.ft (2024)
• Sri Adhinath Residency Phase -II: Rs 1,000 per sq.ft (2024)
• Sri Ajith Avenue: Rs 1,000 per sq.ft (2024)
• Sri Andal Nagar: Rs 500 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Sai Krishnanagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost for these fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your specific property details.

Which Sub Registrar Office covers Sree Sai Krishnanagar?

The Sree Sai Krishnanagar area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value plays a crucial role in the registration process when buying or selling property in Athur B Block. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When a property is sold, the buyer and seller must consider the guideline value for calculating the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sree Sai Krishnanagar?

The current guideline value of Sree Sai Krishnanagar is Rs 500 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 back to Rs 500 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What is the land classification of Sree Sai Krishnanagar?

Sree Sai Krishnanagar is classified as Residential Special Type - II, indicating its intended use for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000, leading to a total fee of Rs 45,000 for stamp duty and registration.