Guideline Value for Sree Krishna Nagar Phase-IV

Sree Krishna Nagar Phase-IV guideline value

The current guideline value of Sree Krishna Nagar Phase-IV is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Puthupakkam village under the Chengleput Joint I SRO, classified as Residential Special Type - I.

How the guideline value of Sree Krishna Nagar Phase-IV has changed

The guideline value for Sree Krishna Nagar Phase-IV has seen several revisions over the years. The earliest recorded revision was in 2012, when the guideline value was set at Rs 400 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 268 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 400 per sq.ft. The most recent revision in 2024 maintained this figure at Rs 400 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 400 per sq.ft.

Guideline values in Puthupakkam

In Puthupakkam village, there are 7 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 500 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the guideline value of Sree Krishna Nagar Phase-IV.

• Sree Krishna Nagar Phase-III: Rs 400 per sq.ft (2024)
• Sree Krishna Nagar Phase-II: Rs 400 per sq.ft (2024)
• Sree Krishna Nagar Phase 1: Rs 400 per sq.ft (2024)
• Sai Nagar Phase - I: Rs 500 per sq.ft (2024)
• Vanchinathan Nagar: Rs 400 per sq.ft (2024)
• Nethaji Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Krishna Nagar Phase-IV

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 Sree Krishna Nagar Phase-IV?

The Sub Registrar Office that covers Sree Krishna Nagar Phase-IV is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Puthupakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure that they are compliant with local regulations during the transaction process.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sree Krishna Nagar Phase-IV?

The current guideline value of Sree Krishna Nagar Phase-IV is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 400 per sq.ft from 2012 to 2024, with a drop to Rs 268 per sq.ft in 2017. It increased by 49% from 2017 to 2023, but did not change from 2023 to 2024.

What is the classification of land in Sree Krishna Nagar Phase-IV?

The land classification for Sree Krishna Nagar Phase-IV is Residential Special Type - I, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 36,000.

Which office handles property registrations for Sree Krishna Nagar Phase-IV?

The Chengleput Joint I Sub Registrar Office handles property registrations for Sree Krishna Nagar Phase-IV, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.