Guideline Value for SRI KRISHNA NAGAR PH-I

Sri Krishna Nagar Ph-I guideline value

The current guideline value of Sri Krishna Nagar Ph-I is Rs 336 per sq.ft, effective from 1 July 2024. This locality is situated in Kilakadi village, under the jurisdiction of the Salavakkam SRO. The land classification for this area is Mixed Special Type - III.

How the guideline value of Sri Krishna Nagar Ph-I has changed

The guideline value for Sri Krishna Nagar Ph-I has seen several revisions over the years. The 2017 revision set the value at Rs 225 per sq.ft, which remained unchanged in the 2023 revision. As of the 2024 revision, the guideline value is Rs 336 per sq.ft, reflecting a 49% increase from the 2017 figure. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there has been no change in the guideline value, remaining at Rs 336 per sq.ft. Overall, the guideline value has increased by 49% from 2017 to 2024.

Guideline values in Kilakadi

In Kilakadi, there are 21 streets under the Salavakkam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 433 per sq.ft. The median value for these streets is Rs 150 per sq.ft, placing the guideline value of Sri Krishna Nagar Ph-I above this median.

• Sri Krishna Nagar: Rs 250 per sq.ft (2024)
• Sri Sai Thuvaraga Nagar: Rs 250 per sq.ft (2024)
• Selva Seeman Nagaram: Rs 101 per sq.ft (2024)
• Rose Nagar: Rs 150 per sq.ft (2024)
• Riviera Greens: Rs 336 per sq.ft (2024)
• Vajiram Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Krishna Nagar Ph-I

For a 1,000 sq.ft plot at the current guideline value of Rs 336 per sq.ft, the total guideline value amounts to Rs 3,36,000. The stamp duty is charged at 7%, which totals Rs 23,520, while the registration fee at 2% amounts to Rs 6,720. The total cost for these fees together is Rs 30,240. It is important to note that 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 details.

Which Sub Registrar Office covers Sri Krishna Nagar Ph-I?

The Sub Registrar Office that covers Sri Krishna Nagar Ph-I is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kilakadi. It determines the amount of stamp duty and registration fees payable, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar Ph-I?

The current guideline value of Sri Krishna Nagar Ph-I is Rs 336 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 336 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 225 per sq.ft in 2017 to Rs 336 per sq.ft in 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the stamp duty is Rs 23,520 and the registration fee is Rs 6,720, totaling Rs 30,240.

Which office handles registrations for Sri Krishna Nagar Ph-I?

The Salavakkam Sub Registrar Office handles registrations for Sri Krishna Nagar Ph-I, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to consider the guideline value when determining the costs associated with a property purchase or sale.