Guideline Value for SRI KRISHNA NAGAR ANNEX

Sri Krishna Nagar Annex guideline value

The current guideline value of Sri Krishna Nagar Annex is Rs 400 per sq.ft as per the 2023 revision. This area falls under Sirukadal village and is registered with the Tiruvallur Joint 1 SRO. The land classification for this locality is Residential Class I Type - III.

How the guideline value of Sri Krishna Nagar Annex has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. However, in the 2017 revision, it decreased to Rs 268 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase, bringing the guideline value back up to Rs 400 per sq.ft, which represents an increase of 49% from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has remained the same at Rs 400 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Sirukadal

Currently, there are no specific village figures provided for Sirukadal. Sri Krishna Nagar Annex is part of this locality, which is registered under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Sri Krishna Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty, calculated at 7%, would be Rs 28,000, and the registration fee at 2% would be Rs 8,000. Therefore, the total charges would be Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Krishna Nagar Annex?

The Sri Krishna Nagar Annex is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sirukadal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a buyer or seller approaches the registration office, the guideline value is assessed to calculate the applicable fees. This ensures that the transaction is recorded accurately and adheres to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar Annex?

The current guideline value of Sri Krishna Nagar Annex is Rs 400 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, and then increased back to Rs 400 per sq.ft in 2023.

What is the land classification for Sri Krishna Nagar Annex?

Sri Krishna Nagar Annex is classified as Residential Class I Type - III.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Krishna Nagar Annex located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.