Guideline Value for SRI KRISHNA NAGAR

Sri Krishna Nagar guideline value

The current guideline value of Sri Krishna Nagar in Voyalur village, under the Ponneri SRO, is Rs 150 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - I land classification.

How the guideline value of Sri Krishna Nagar has changed

The guideline value of Sri Krishna Nagar has undergone several revisions over the years. The register shows that in 2017, the guideline value was Rs 100 per sq.ft. This figure increased by 50% to Rs 150 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Voyalur

In Voyalur, there are 17 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with a median value of Rs 100 per sq.ft. Sri Krishna Nagar's 2024 figure is above this median.

• Sri Thiruvudaiamman Avenue: Rs 100 per sq.ft (2024)
• Sri Thiruvudaiamman Nagar: Rs 100 per sq.ft (2024)
• Sabapathi Nagar: Rs 100 per sq.ft (2024)
• Thulukkanathamman Nagar: Rs 126 per sq.ft (2024)
• Muthu Nagar City: Rs 100 per sq.ft (2024)
• Mahalakshmi Nagar II: Rs 126 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 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total charges Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Krishna Nagar?

Sri Krishna Nagar is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a value that reflects the official rates set by the government. This helps maintain transparency in property transactions and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar?

The current guideline value of Sri Krishna Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in both the 2023 and 2024 revisions, marking a 50% increase overall from 2017 to 2024.

Are there any years with no guideline value for Sri Krishna Nagar?

Yes, there are no figures available for the years 2002, 2003, 2007, and 2012 for Sri Krishna Nagar.

What is the registration office for Sri Krishna Nagar?

The registration office for Sri Krishna Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It ensures that the property is registered at a value that reflects the official rates set by the government.