Guideline Value for Shri Krishna Nagar

Shri Krishna Nagar guideline value

The current guideline value of Shri Krishna Nagar in Ayyencheri village, under the Gooduvancheri SRO, is Rs 1,195 per sq.ft as per the 2023 revision. The land classification for this area is Residential Class I Type - I.

How the guideline value of Shri Krishna Nagar has changed

Over the years, the guideline value of Shri Krishna Nagar has seen several revisions. The earliest recorded revision was in 2007 when the value was Rs 310 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 223%. However, from 2012 to 2017, the value decreased by 20% to Rs 800 per sq.ft. The most recent revision in 2023 saw a substantial increase to Rs 1,195 per sq.ft, which is a 49% rise from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 285%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

The guideline value for Shri Krishna Nagar is part of the overall Ayyencheri guideline value landscape. Currently, there are no other streets in Ayyencheri under the Gooduvancheri SRO with specified guideline values.

Stamp duty and registration fee for property in Shri Krishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,195 per sq.ft, the total guideline value amounts to Rs 11,95,000. The stamp duty at 7% would be Rs 83,650, and the registration fee at 2% would be Rs 23,900, leading to a total cost of Rs 1,07,550. 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 precise calculations based on your property details.

Which Sub Registrar Office covers Shri Krishna Nagar?

The Sub Registrar Office covering Shri Krishna Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayyencheri. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When registering a property, it is important to be aware that the guideline value will influence the financial obligations associated with the transaction. Buyers and sellers should consider this value to understand the total costs involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Shri Krishna Nagar?

The current guideline value of Shri Krishna Nagar is Rs 1,195 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 310 per sq.ft in 2007 to Rs 1,195 per sq.ft in 2023, marking a total increase of 285% over the years.

What is the stamp duty rate for property in Shri Krishna Nagar?

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

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

Are there other streets in Ayyencheri with guideline values?

Currently, there are no other streets in Ayyencheri under the Gooduvancheri SRO with specified guideline values.