Guideline Value for SRI KRISHNA NAGAR

Sri Krishna Nagar guideline value

The current guideline value of Sri Krishna Nagar, located in Kalvai village under the Thiruporur SRO, is Rs 1,000 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Special Type - IV.

How the guideline value of Sri Krishna Nagar has changed

The guideline value for Sri Krishna Nagar has remained consistent in recent years. The 2023 revision recorded a guideline value of Rs 1,000 per sq.ft, which is the same as the current 2024 revision. Prior to this, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

From the 2023 to 2024 revision, there was no change in the guideline value, reflecting a stability in the pricing for this street. The consistent value of Rs 1,000 per sq.ft places Sri Krishna Nagar at the median value for the village in 2024.

Guideline values in Kalvai

In Kalvai, there are 31 streets under the Thiruporur SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value across these streets is Rs 1,000 per sq.ft, which is equal to the guideline value of Sri Krishna Nagar.

• Sri Hari Nagar: Rs 701 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 400 per sq.ft (2024)
• Sri Durgha Avenue: Rs 600 per sq.ft (2024)
• Sri PRAGALATH NAGAR: Rs 1,493 per sq.ft (2024)
• Sri Baba Nagar: Rs 600 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 600 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 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more precise calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Krishna Nagar?

The Sub Registrar Office that covers Sri Krishna Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Kalvai, the guideline value plays a crucial role in determining the stamp duty and registration fees. This value is set by the government and serves as a basis for calculating the taxes involved in property transactions.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. This helps in avoiding any discrepancies that may arise during property transactions.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar?

The current guideline value of Sri Krishna Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Krishna Nagar has remained at Rs 1,000 per sq.ft since the 2023 revision, with no changes recorded in previous revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Sri Krishna Nagar?

Sri Krishna Nagar is classified as Residential Special Type - IV, which indicates its suitability for residential development.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at a rate of 7%.

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

The Sub Registrar Office for Sri Krishna Nagar is located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone.