Guideline Value for SRI KRISHNA GARDEN

Sri Krishna Garden guideline value

The current guideline value of Sri Krishna Garden, located in Tharapakkam village under the Pammal SRO, is Rs 1,980 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - III.

How the guideline value of Sri Krishna Garden has changed

In the 2017 revision, the guideline value for Sri Krishna Garden was recorded at Rs 1,206 per sq.ft. This represents a significant increase of 64% to the current figure of Rs 1,980 per sq.ft as per the 2024 revision. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Comparing the revisions, the value saw a jump from Rs 1,206 in 2017 to Rs 1,980 in 2024. The substantial increase indicates a notable change in the guideline value over this period.

Guideline values in Tharapakkam

Tharapakkam village has a total of 47 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, positioning Sri Krishna Garden's 2024 figure above that median.

• Sri Gayathri Avenue: Rs 990 per sq.ft (2024)
• Shobanam Nagar: Rs 1,100 per sq.ft (2024)
• Shobanam Enclave: Rs 1,100 per sq.ft (2024)
• Selva Ganapathy Nagar: Rs 1,100 per sq.ft (2024)
• R.G.M Nagar: Rs 1,100 per sq.ft (2024)
• Raja Koil Street (ward 9): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Krishna Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Krishna Garden?

The Sub Registrar Office covering Sri Krishna Garden is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your specific SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Tharapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government collects the appropriate taxes based on the property's value.

When buying or selling property, the guideline value is used to determine the minimum value at which the property can be registered. This helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Sri Krishna Garden?

The current guideline value of Sri Krishna Garden is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking a 64% increase. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Tharapakkam?

Other streets in Tharapakkam have varying guideline values, with rates ranging from Rs 880 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft.

What are the stamp duty and registration fees for property in Sri Krishna Garden?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Sri Krishna Garden?

The Sub Registrar Office for Sri Krishna Garden is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find your specific SRO through the provided link.