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 street is located in Panangottur village under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

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

The guideline value of Srinivasa Nagar (Kr) has seen several revisions over the years. The 2012 revision recorded a value of Rs 600 per sq.ft, which then changed to Rs 402 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and then to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value of Srinivasa Nagar (Kr) is 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 Ganapathy Nagar Colony Extn - V: Rs 660 per sq.ft (2024)
• Sri Ganapathy Garden Permanur (Ward -15): Rs 440 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 would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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, 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 Panangottur

The guideline value is a crucial factor during the registration of property transactions in Panangottur. It serves as a benchmark to determine the stamp duty and registration fees applicable on the property, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, the guideline value helps in assessing the legal value of the property. This value is used by the registration authorities to calculate the necessary fees, which are essential for completing the registration process.

Frequently asked questions

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

The current guideline value of Srinivasa Nagar (Kr) is Rs 660 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 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Srinivasa Nagar (Kr)?

Srinivasa Nagar (Kr) is classified as Residential Class I Type - III.

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

The Chengleput Joint II Sub Registrar Office covers Srinivasa Nagar (Kr) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Srinivasa Nagar (Kr)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additional registration fees are charged at 2% of the guideline value.