Guideline Value for SRI KRISHNA NAGAR

Sri Krishna Nagar guideline value

The current guideline value of Sri Krishna Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Kanchipuram Joint IV SRO and is classified as Residential Special Type - III.

How the guideline value of Sri Krishna Nagar has changed

According to the guideline value register, there have been revisions for Sri Krishna Nagar in 2023 and 2024, both maintaining a rate of Rs 250 per sq.ft. There are no figures available for the revisions in the years 2002, 2003, 2007, 2012, and 2017.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 250 per sq.ft. This stability indicates that the rate has not fluctuated between these two revisions.

Guideline values in Maduramankalam A

While there are no specific village figures available, Sri Krishna Nagar is part of Maduramankalam A under the Kanchipuram Joint IV SRO. Currently, there are no other streets in Maduramankalam A listed with guideline values.

Stamp duty and registration fee for property in Sri Krishna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Krishna Nagar?

The Kanchipuram Joint IV Sub Registrar Office covers Sri Krishna Nagar. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Sri Krishna Nagar. It determines the minimum value at which the property can be registered, influencing the stamp duty and registration fees applicable during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to accurately calculate their costs during the registration process.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar?

The current guideline value of Sri Krishna Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 250 per sq.ft for the revisions in 2023 and 2024. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What is the classification of land in Sri Krishna Nagar?

Sri Krishna Nagar is classified as Residential Special Type - III. This classification is important for understanding the type of development permitted in the area.

How is stamp duty calculated in Sri Krishna Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 22,500.

Where is the Kanchipuram Joint IV SRO located?

The Kanchipuram Joint IV SRO is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. This office handles the registration of properties in Sri Krishna Nagar.