Guideline Value for SRI KRISHNA NAGAR

Sri Krishna Nagar guideline value

The current guideline value of Sri Krishna Nagar, located in Nathanallur village under the Walajabad SRO, is Rs 500 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Sri Krishna Nagar has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017 and 2023, where it was also Rs 500 per sq.ft. The 2017 revision marked a significant increase from the 2012 figure, which had dropped to Rs 335 per sq.ft in that revision. The 2024 revision has maintained the same value as the previous years, showing no percentage change from 2023.

Looking back further, the 2017 revision saw a 49% increase from the 2012 figure. The 2012 revision had a decrease of 33% from the 2017 figure. There are no figures available for the years 2002, 2003, and 2007 for Sri Krishna Nagar in the register.

Guideline values in Nathanallur

In Nathanallur, there are five streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, and Sri Krishna Nagar's 2024 figure is above that median.

• Shri Paramaguru Enclave: Rs 250 per sq.ft (2024)
• Rathinam Nagar (Or) Pss Avenue: Rs 400 per sq.ft (2024)
• Kothai Vanam: Rs 500 per sq.ft (2024)
• Ambal Nagar: Rs 400 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 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total fees together Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, 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 Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Nathanallur. It is used to determine the stamp duty and registration fees that need to be paid during the buying or selling process. Buyers and sellers should be aware that the guideline value is often considered the minimum value for the property, which can influence the transaction price.

When registering a property, the guideline value is essential for calculating the applicable fees. It ensures that the government receives the correct revenue from property transactions, which is based on the established guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar?

The current guideline value of Sri Krishna Nagar is Rs 500 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft in the revisions of 2012, 2017, and 2023. There was a significant increase of 49% from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023.

What are the guideline values of other streets in Nathanallur?

Other streets in Nathanallur have varying guideline values. For example, Shri Paramaguru Enclave has a guideline value of Rs 250 per sq.ft, while Kothai Vanam is at Rs 500 per sq.ft.

What fees are associated with buying property in Sri Krishna Nagar?

When buying property in Sri Krishna Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 45,000.

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

The Sub Registrar Office for Sri Krishna Nagar is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information by visiting the relevant links provided.