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Guideline Value for SRI KRISHNA NAGAR PART - I S.NOS.2/2B1, 2B2

₹550/sq.ft.

The guideline value for Sri Krishna Nagar Part - I S.nos.2/2b1, 2b2 in Navaloor village (Padappai SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Navaloor

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Krishna Nagar Part - I S.nos.2/2b1, 2b2

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Sri Krishna Nagar Part - I S.Nos.2/2b1, 2b2 guideline value

The current guideline value for Sri Krishna Nagar Part - I S.Nos.2/2b1, 2b2 is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Navaloor village and falls under the Padappai SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Krishna Nagar Part - I S.Nos.2/2b1, 2b2 has changed

Over the years, the guideline value for Sri Krishna Nagar Part - I has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which was later decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 500 per sq.ft in the 2023 revision, and then to Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change is a 10% increase. The change from 2017 to 2023 was a substantial 49% increase, while the change from 2012 to 2017 was a decrease of 33%.

Guideline values in Navaloor

Navaloor has a total of 26 streets under the Padappai SRO with the 2024 guideline value ranging from Rs 440 to Rs 1,000 per sq.ft. The median value is Rs 550 per sq.ft, which is equal to the current value of Sri Krishna Nagar Part - I.

Stamp duty and registration fee for property in Sri Krishna Nagar Part - I S.Nos.2/2b1, 2b2

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total charges Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Krishna Nagar Part - I S.Nos.2/2b1, 2b2?

The Sub Registrar Office that covers Sri Krishna Nagar Part - I S.Nos.2/2b1, 2b2 is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Navaloor. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling a property. This ensures that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value for Sri Krishna Nagar Part - I?

The current guideline value for Sri Krishna Nagar Part - I S.Nos.2/2b1, 2b2 is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Sri Krishna Nagar Part - I?

Sri Krishna Nagar Part - I is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for this area located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Sri Krishna Nagar Part - I?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 5,50,000, the stamp duty at 7% would be Rs 38,500.