Guideline Value for SRI KRISHNA NAGAR

Sri Krishna Nagar guideline value

The current guideline value of Sri Krishna Nagar is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Perungavur village and falls under the Redhills SRO. The land classification for this street is Residential Class II 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 earliest revision available is from 2017, where the value was Rs 167 per sq.ft. In 2023, this value increased to Rs 250 per sq.ft, reflecting a 50% rise. The latest revision in 2024 has set the value at Rs 275 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, which is the same as the current value for Sri Krishna Nagar.

• Sri Lakshmi Nagar Annex: Rs 385 per sq.ft (2024)
• Sri Iswariya Garden: Rs 220 per sq.ft (2024)
• Sri Dhanalakshmi Nagar Phase I: Rs 220 per sq.ft (2024)
• Sri Bhagawathi Nagar: Rs 275 per sq.ft (2024)
• Sri Balaji Nagar: Rs 385 per sq.ft (2024)
• Sri Palathamman Garden: Rs 220 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 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total cost for these fees to Rs 24,750. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Sri Krishna Nagar?

The Sub Registrar Office that covers Sri Krishna Nagar is the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Perungavur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar?

The current guideline value of Sri Krishna Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 167 per sq.ft in 2017 to Rs 275 per sq.ft in 2024, reflecting a total increase of 65% over this period.

What are the stamp duty and registration fees for property in Sri Krishna Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,75,000. The stamp duty would be Rs 19,250, and the registration fee would be Rs 5,500, totaling Rs 24,750 for these fees.

Which office handles registrations for Sri Krishna Nagar?

The Redhills Sub Registrar Office handles registrations for Sri Krishna Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Sri Krishna Nagar?

Sri Krishna Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.