Guideline Value for SRINIVASA NAGAR (KR)

Srinivasa Nagar (Kr) guideline value

The current guideline value of Srinivasa Nagar (Kr) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Srinivasa Nagar (Kr) has changed

The guideline value for Srinivasa Nagar (Kr) has seen several revisions over the years. In 2012, the guideline value was set at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 has further increased the value to Rs 660 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing the 2024 figure for Srinivasa Nagar (Kr) below this median.

• Sri Maruthi Nagar (Sa): Rs 440 per sq.ft (2024)
• Sri Lakshmi Nagar (Sa): Rs 660 per sq.ft (2024)
• Sri Ram Nagar (Kr): Rs 660 per sq.ft (2024)
• Sri Krishna 4th Street Korukanthangal (Ward -18): Rs 660 per sq.ft (2024)
• Sri Gopala Krishnan Nagar: Rs 880 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase - III: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Nagar (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty, charged at 7%, would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, resulting in a total of Rs 59,400 for these charges. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Nagar (Kr)?

The Sub Registrar Office that covers Srinivasa Nagar (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Kattankollatur. It determines the minimum value at which a property can be registered, ensuring that all transactions are recorded accurately and transparently.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications associated with the transaction.

Frequently asked questions

What is the current guideline value for Srinivasa Nagar (Kr)?

The current guideline value for Srinivasa Nagar (Kr) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for Srinivasa Nagar (Kr)?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What are the other streets in Kattankollatur with their guideline values?

Other streets in Kattankollatur include Sri Maruthi Nagar (Sa) at Rs 440 per sq.ft, Sri Lakshmi Nagar (Sa) and Sri Ram Nagar (Kr) both at Rs 660 per sq.ft, and several others with varying rates.

What is the registration fee for property in Srinivasa Nagar (Kr)?

The registration fee for property in Srinivasa Nagar (Kr) is calculated based on the guideline value. For a property valued at Rs 6,60,000, the registration fee would be Rs 13,200 at a rate of 2%.

Where can I find the Sub Registrar Office for Srinivasa Nagar (Kr)?

The Sub Registrar Office for Srinivasa Nagar (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the provided link.