Guideline Value for SRI KRISHNA NAGAR

Sri Krishna Nagar guideline value

The current guideline value of Sri Krishna Nagar is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Pazhayaseevaram -A village, under the Walajabad SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Sri Krishna Nagar has changed

The guideline value for Sri Krishna Nagar has remained stable at Rs 350 per sq.ft for both the 2023 and 2024 revisions. Prior to this, the 2017 revision recorded a guideline value of Rs 234 per sq.ft, indicating a 50% increase from 2017 to 2023.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. It is important to note that the register has no figures for the revisions in 2012, 2007, 2003, and 2002 for this street.

Guideline values in Pazhayaseevaram -A

In Pazhayaseevaram -A, there are 26 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 500 per sq.ft. The median value for these streets is Rs 350 per sq.ft, making the guideline value of Sri Krishna Nagar equal to this median.

• Sri Lakshmi Narasimmar Nagar: Rs 250 per sq.ft (2024)
• Sri Hari Avenue Ext - I: Rs 500 per sq.ft (2024)
• Sri Balaji Nagar: Rs 500 per sq.ft (2024)
• Sri Arunachalacity Phase-IV: Rs 500 per sq.ft (2024)
• Sri Arunachala City Phase-III: Rs 200 per sq.ft (2024)
• Sri Sai Nagar: Rs 350 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 rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. 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 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 Pazhayaseevaram -A

The guideline value is a crucial factor during the registration of property transactions in Pazhayaseevaram -A. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It helps in establishing a fair price for the property based on the current market conditions as reflected in the official register.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar?

The current guideline value of Sri Krishna Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft for both the 2023 and 2024 revisions, with a 50% increase from Rs 234 per sq.ft in 2017 to 2023. There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Pazhayaseevaram -A?

Other streets in Pazhayaseevaram -A have guideline values ranging from Rs 200 to Rs 500 per sq.ft. The median value for these streets is Rs 350 per sq.ft.

How is stamp duty calculated in Sri Krishna Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot valued at Rs 3,50,000, the stamp duty would be Rs 24,500.

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

The Walajabad Sub Registrar Office covers Sri Krishna Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information about your SRO online.