Guideline Value for SRI KRISHNA NAGAR

Sri Krishna Nagar guideline value

The current guideline value of Sri Krishna Nagar is Rs 400 per sq.ft, as per the 2023 revision. This area falls under Sirukadal village and is registered with the Tiruvallur Joint 1 SRO. The land classification for this locality is Residential Class I Type - III.

How the guideline value of Sri Krishna Nagar has changed

In the 2012 revision, the guideline value was Rs 400 per sq.ft. This figure remained the same until the 2017 revision, where it decreased to Rs 268 per sq.ft, marking a decline of 33%. However, from 2017 to the 2023 revision, the guideline value increased by 49% to reach the current rate of Rs 400 per sq.ft.

Overall, from the 2012 revision to the 2023 revision, there has been no change in the guideline value, remaining at Rs 400 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Sirukadal

Currently, there are no specific guideline values provided for other streets in Sirukadal. Sri Krishna Nagar is the only street mentioned in the available data.

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 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees together to Rs 36,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sri Krishna Nagar?

The Sub Registrar Office that covers Sri Krishna Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Sri Krishna Nagar. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for the transaction. Buyers and sellers should be aware that the stamp duty and registration fees will be calculated based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar?

The current guideline value of Sri Krishna Nagar is Rs 400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, followed by an increase back to Rs 400 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What is the stamp duty rate for properties in Sri Krishna Nagar?

The stamp duty rate for properties in Sri Krishna Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Krishna Nagar located?

The Sub Registrar Office covering Sri Krishna Nagar is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there other streets in Sirukadal with guideline values?

Currently, there are no specific guideline values provided for other streets in Sirukadal. Sri Krishna Nagar is the only street mentioned in the available data.