Guideline Value for SRI KRISHNA RESIDENCY

Sri Krishna Residency guideline value

The current guideline value of Sri Krishna Residency is Rs 600 per sq.ft, effective from 1 July 2024. It is located in Thadaperumbakkam village under the Ponneri SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Krishna Residency has changed

The guideline value for Sri Krishna Residency has undergone several revisions. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 500 per sq.ft. In the 2024 revision, this value increased to Rs 600 per sq.ft, reflecting a change of +20% from the previous year.

With the 2024 revision, the current guideline value of Rs 600 per sq.ft places it above the median guideline value of Rs 501 per sq.ft for the 50 streets in Thadaperumbakkam under the Ponneri SRO, which range from Rs 500 to Rs 1,500 per sq.ft.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, the guideline values vary, with the current figures ranging from Rs 500 to Rs 1,500 per sq.ft. Sri Krishna Residency's 2024 guideline value of Rs 600 per sq.ft is above the median value for the area.

• Sri Krishna Garden: Rs 501 per sq.ft (2024)
• Sri Meenal Nagar: Rs 501 per sq.ft (2024)
• Sri Devi Gayathri Nagar: Rs 501 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 501 per sq.ft (2024)
• Sri Balaji Avenue: Rs 501 per sq.ft (2024)
• Sri Amman Nagar: Rs 501 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Krishna Residency

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important 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 more details.

Which Sub Registrar Office covers Sri Krishna Residency?

Sri Krishna Residency falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Thadaperumbakkam. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees payable.

When buying or selling property, it is essential to be aware of the current guideline value to ensure compliance with legal requirements. This value serves as a benchmark for both buyers and sellers during negotiations and transactions.

Frequently asked questions

What is the current guideline value of Sri Krishna Residency?

The current guideline value of Sri Krishna Residency is Rs 600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

In the recent 2024 revision, the guideline value increased from Rs 500 per sq.ft in 2023 to Rs 600 per sq.ft, marking a change of +20%.

What is the classification of the land at Sri Krishna Residency?

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

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Sri Krishna Residency?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft would incur a total stamp duty and registration fee of Rs 54,000.