Guideline Value for SRI KRCNagar

SRI KRCNagar guideline value

The current guideline value of SRI KRCNagar is Rs 1,600 per sq.ft, effective from 1 July 2024. This locality is situated in Kayirambedu village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - IV.

How the guideline value of SRI KRCNagar has changed

The guideline value for SRI KRCNagar has remained constant at Rs 1,600 per sq.ft across several revisions. The 2017 revision set the value at Rs 1,600 per sq.ft, which was maintained in the 2023 revision and continues into the 2024 revision, showing no percentage change between these years.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Overall, from 2017 to 2024, there has been no change in the guideline value, remaining steady at Rs 1,600 per sq.ft throughout this period.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft, with a median of Rs 700 per sq.ft. The guideline value of SRI KRCNagar is above this median.

• Sri Iyyappa Nagar: Rs 700 per sq.ft (2024)
• Sri Iyappan Nagar Phase-I: Rs 1,001 per sq.ft (2024)
• Sri Iyappan Nagar: Rs 700 per sq.ft (2024)
• Sri Elumalai Nagar: Rs 1,600 per sq.ft (2024)
• Sri Ammal Nagar: Rs 700 per sq.ft (2024)
• Sri Adhira Avenue: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in SRI KRCNagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making a total of Rs 1,44,000. Duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers SRI KRCNagar?

The Chengleput Joint II Sub Registrar Office covers SRI KRCNagar. The office is 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 Kayirambedu

The guideline value is a critical factor in property transactions in Kayirambedu. It serves as a benchmark for determining the stamp duty and registration fees during the registration process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties.

When purchasing property, it is essential to consider the guideline value as it impacts the overall cost of the transaction. Understanding the guideline value helps ensure compliance with local regulations and can aid in financial planning for prospective buyers.

Frequently asked questions

What is the current guideline value of SRI KRCNagar?

The current guideline value of SRI KRCNagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for SRI KRCNagar has remained constant at Rs 1,600 per sq.ft since the 2017 revision, with no changes recorded in the 2023 and 2024 revisions.

What is the land classification of SRI KRCNagar?

SRI KRCNagar is classified as Residential Special Type - IV, which influences its guideline value and property usage.

Where can I find the Chengleput Joint II SRO?

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

How is stamp duty calculated for properties in SRI KRCNagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000, leading to a stamp duty of Rs 1,12,000.