Guideline Value for SRI KRISHNA NAGAR

Sri Krishna Nagar guideline value

The current guideline value of Sri Krishna Nagar, located in Orakadamagadevimangalam village, is Rs 103 per sq.ft, effective from the 2024 revision starting 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Krishna Nagar has changed

The guideline value for Sri Krishna Nagar has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures are Rs 100 per sq.ft from the 2023 revision and Rs 103 per sq.ft from the 2024 revision, marking a change of +3% from the previous year.

In summary, the guideline value increased from Rs 100 per sq.ft in 2023 to Rs 103 per sq.ft in 2024. This increase reflects the current valuation trends as recorded by the Registration Department.

Guideline values in Orakadamagadevimangalam

In Orakadamagadevimangalam, 12 streets under the Sunguvarchattram SRO have a 2024 guideline value ranging from Rs 101 to Rs 300 per sq.ft, with a median value of Rs 103 per sq.ft. Sri Krishna Nagar's 2024 figure matches this median value.

• Srinivasa Avenue: Rs 103 per sq.ft (2024)
• Sri Sai Nagar: Rs 102 per sq.ft (2024)
• Sri Vaithamanidhi Nagar: Rs 103 per sq.ft (2024)
• Sathya Nagar: Rs 103 per sq.ft (2024)
• Santhi Sri Nagar: Rs 300 per sq.ft (2024)
• R.M.K.Nandhavanam: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Krishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, making the total cost for these fees Rs 9,270. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Krishna Nagar?

Sri Krishna Nagar is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential component in the registration process when buying or selling property in Orakadamagadevimangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. This value helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value for Sri Krishna Nagar?

The current guideline value for Sri Krishna Nagar is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2023 to Rs 103 per sq.ft in 2024, reflecting a 3% increase. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the other streets in Orakadamagadevimangalam with guideline values?

Other streets in Orakadamagadevimangalam include Srinivasa Avenue at Rs 103 per sq.ft, Sri Sai Nagar at Rs 102 per sq.ft, and Santhi Sri Nagar at Rs 300 per sq.ft, among others.

How is the stamp duty calculated for properties in Sri Krishna Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,03,000, the stamp duty would be Rs 7,210 at 7%.

Where can I find the Sub Registrar Office for Sri Krishna Nagar?

The Sub Registrar Office covering Sri Krishna Nagar is the Sunguvarchattram SRO, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.