Guideline Value for SRI KRISHNA NAGAR

Sri Krishna Nagar guideline value

The current guideline value of Sri Krishna Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Athipattu village, under the Thiruvottiyur Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Krishna Nagar has changed

The guideline value for Sri Krishna Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 330 per sq.ft, an increase from Rs 300 per sq.ft in the 2023 revision. Prior to that, in 2017, the guideline value was Rs 201 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, the increase from 2017 to 2024 amounts to 64%.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft. The median value among these streets is Rs 330 per sq.ft, which is the same as the guideline value for Sri Krishna Nagar.

• Sri Manikandan Avenue: Rs 330 per sq.ft (2024)
• Sri Devi Nagar Extn: Rs 330 per sq.ft (2024)
• Sri Devi Nagar: Rs 330 per sq.ft (2024)
• Srinivasa Nagar: Rs 330 per sq.ft (2024)
• Sri Rajalakshmi Nagar: Rs 330 per sq.ft (2024)
• S.P.N Nagar: Rs 330 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 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total cost for these fees to Rs 29,700. It is important to note that the 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 details.

Which Sub Registrar Office covers Sri Krishna Nagar?

The Sub Registrar Office that covers Sri Krishna Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate fees based on the property's value.

Frequently asked questions

What is the current guideline value for Sri Krishna Nagar?

The current guideline value for Sri Krishna Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 201 per sq.ft to Rs 330 per sq.ft in 2024.

What is the land classification for Sri Krishna Nagar?

Sri Krishna Nagar is classified as Residential Class I Type - I, indicating its designation for residential use.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

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

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100, and the registration fee would be Rs 6,600, totaling Rs 29,700. These fees are calculated based on the guideline value or the sale price, whichever is higher.