Guideline Value for SRI SAI KRISHNA NAGAR

Sri Sai Krishna Nagar guideline value

The current guideline value of Sri Sai Krishna Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Athur B Block village, under the Chengleput Joint II SRO, and is classified as Mixed Type - I land.

How the guideline value of Sri Sai Krishna Nagar has changed

Over the years, the guideline value of Sri Sai Krishna Nagar has seen several revisions. The earliest recorded revision was in 2012, where the guideline value was Rs 600 per sq.ft. This increased to Rs 402 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value significantly rose by 149%, reaching Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision.

The current guideline value of Rs 1,000 per sq.ft is a notable increase of 67% from the 2012 figure. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Athur B Block

Athur B Block contains 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, making the current value of Sri Sai Krishna Nagar above that median.

• Sri Ramakrishna Nagar: Rs 600 per sq.ft (2024)
• Sri Srnivasa Avenue: Rs 1,344 per sq.ft (2024)
• Sri Vignesh Co-Op Nagar: Rs 500 per sq.ft (2024)
• Sri Margadarshan Vatika: Rs 1,493 per sq.ft (2024)
• Sri Giri Garden: Rs 1,195 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Krishna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is essential 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 Sai Krishna Nagar?

The Sub Registrar Office that covers Sri Sai Krishna Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value plays a crucial role in the registration process when buying or selling property in Athur B Block. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the correct revenue from property transactions.

When a buyer or seller registers a property, the guideline value is considered to ensure compliance with local regulations. It is essential for both parties to be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Sai Krishna Nagar?

The current guideline value of Sri Sai Krishna Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 1,000 per sq.ft in 2024, with significant increases noted in the revisions from 2017 and 2023.

What is the land classification of Sri Sai Krishna Nagar?

Sri Sai Krishna Nagar is classified as Mixed Type - I land, which indicates a variety of permissible uses for the property.

Where can I find more information about the registration office?

The Chengleput Joint II Sub Registrar Office covers Sri Sai Krishna Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. More information can be found by visiting the official site.

How is the stamp duty calculated for properties in Sri Sai Krishna Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.