Guideline Value for SRI KRISHNA MOHANA NAGAR PHASE III

Sri Krishna Mohana Nagar Phase III guideline value

The current guideline value of Sri Krishna Mohana Nagar Phase III is Rs 903 per sq.ft, effective from 1 July 2024. This locality is situated in Vellerithangal village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of Sri Krishna Mohana Nagar Phase III has changed

The guideline value for Sri Krishna Mohana Nagar Phase III has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 903 per sq.ft, which is the same as the 2023 revision. Prior to this, the 2017 revision recorded a value of Rs 605 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and maintaining the same value in 2024.

There are no recorded figures for the guideline value of this street in the years 2002, 2003, 2007, and 2012. Thus, the only revisions available are from 2017, 2023, and 2024, showing a consistent value of Rs 903 per sq.ft since 2023, with a notable increase from the 2017 figure.

Guideline values in Vellerithangal

In Vellerithangal, there are 21 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 250 to Rs 1,400 per sq.ft. The median value is Rs 400 per sq.ft, positioning Sri Krishna Mohana Nagar Phase III above this median.

• Sri Balaji Estate: Rs 250 per sq.ft (2024)
• SRI RAM Nagar: Rs 1,083 per sq.ft (2024)
• Sri Saibaba Nagar: Rs 300 per sq.ft (2024)
• Sri Sairam Nagar: Rs 300 per sq.ft (2024)
• Sri Valli Nagar: Rs 400 per sq.ft (2024)
• Treasure Land: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Krishna Mohana Nagar Phase III

For a 1,000 sq.ft plot at the current rate of Rs 903 per sq.ft, the guideline value amounts to Rs 9,03,000. The stamp duty at 7% would be Rs 63,210, and the registration fee at 2% would be Rs 18,060, totaling Rs 81,270. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Krishna Mohana Nagar Phase III?

The Sub Registrar Office that covers Sri Krishna Mohana Nagar Phase III is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Vellerithangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on a standardized value.

When buying or selling property, the guideline value helps ensure transparency and uniformity in the registration process. Buyers and sellers should be aware of the guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Sri Krishna Mohana Nagar Phase III?

The current guideline value of Sri Krishna Mohana Nagar Phase III is Rs 903 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, from Rs 605 per sq.ft to Rs 903 per sq.ft in 2024.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 9,03,000, the stamp duty is Rs 63,210 and the registration fee is Rs 18,060, totaling Rs 81,270.

Which Sub Registrar Office handles registrations for Sri Krishna Mohana Nagar Phase III?

The Gooduvancheri Sub Registrar Office handles registrations for Sri Krishna Mohana Nagar Phase III, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value determined for properties in Vellerithangal?

The guideline value is determined by the Registration Department and reflects the market conditions and land classification for each locality. It is used to calculate the stamp duty and registration fees during property transactions.