Guideline Value for SRI KRISHNA GARDEN

Sri Krishna Garden guideline value

The current guideline value of Sri Krishna Garden in Thadaperumbakkam village is Rs 501 per sq.ft, effective from 1 July 2024. This area falls under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Sri Krishna Garden has changed

The guideline value for Sri Krishna Garden has seen significant changes over the years. The 2023 revision recorded a value of Rs 200 per sq.ft. With the 2024 revision, the value increased to Rs 501 per sq.ft, marking a substantial rise of 151% from the previous year.

Prior to the 2023 revision, the register has no figures for this street for the years 2017, 2012, 2007, 2003, and 2002. Therefore, the only available figures for Sri Krishna Garden are from 2023 and 2024.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 501 per sq.ft, which is equal to the value of Sri Krishna Garden.

• Sri Krishna Residency: Rs 600 per sq.ft (2024)
• Sri Meenal Nagar: Rs 501 per sq.ft (2024)
• Sri Devi Gayathri Nagar: Rs 501 per sq.ft (2024)
• Sri Balaji Avenue: Rs 501 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 501 per sq.ft (2024)
• Sri Amman Nagar: Rs 501 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 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty charged at 7% would amount to Rs 35,070, and the registration fee at 2% would be Rs 10,020. Together, the total cost for stamp duty and registration would be Rs 45,090. 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 detailed calculations.

Which Sub Registrar Office covers Sri Krishna Garden?

Sri Krishna Garden is covered by 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 Thadaperumbakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Thadaperumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Sri Krishna Garden?

The current guideline value of Sri Krishna Garden is Rs 501 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased from Rs 200 per sq.ft in 2023 to Rs 501 per sq.ft in 2024, marking a rise of 151%.

What is the median guideline value for streets in Thadaperumbakkam?

The median guideline value for streets in Thadaperumbakkam is Rs 501 per sq.ft, which is also the value for Sri Krishna Garden in 2024.

Where is the Ponneri Sub Registrar Office located?

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

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 501 per sq.ft, the total guideline value would be Rs 5,01,000.