Guideline Value for Sri Krishna Nagar Extn-I,II

Sri Krishna Nagar Extn-I,II guideline value

The current guideline value for Sri Krishna Nagar Extn-I,II is Rs 1,000 per sq.ft. This area is located in Adhanoor village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - I.

How the guideline value of Sri Krishna Nagar Extn-I,II has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a substantial rise of 400%. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a reduction of 33%. The value then increased again to Rs 1,000 per sq.ft in 2023, remaining unchanged in the 2024 revision.

From 2017 to 2023, the guideline value rose by 49%, and overall, from 2007 to 2024, it has increased by 400%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a guideline value for 2024, ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which is equal to the current value of Sri Krishna Nagar Extn-I,II.

• Sri Kanthavel Nagar: Rs 1,000 per sq.ft (2024)
• Sri Gayathri Co.op Mega Nagar: Rs 1,000 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 1,000 per sq.ft (2024)
• Sri Ganesh Avenue: Rs 1,000 per sq.ft (2024)
• Srinivasa Avenue-III: Rs 1,000 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Krishna Nagar Extn-I,II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total 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, bringing the total to Rs 90,000. It is important 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Sri Krishna Nagar Extn-I,II?

The Sub Registrar Office that covers Sri Krishna Nagar Extn-I,II 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 Adhanoor

The guideline value is a crucial factor in the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the minimum value at which property transactions must be registered, ensuring transparency and standardization in real estate dealings.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Sri Krishna Nagar Extn-I,II?

The current guideline value for Sri Krishna Nagar Extn-I,II 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 multiple times, with the most recent revision in 2024 remaining at Rs 1,000 per sq.ft. The value has seen increases and decreases, with a notable increase from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What is the land classification for Sri Krishna Nagar Extn-I,II?

The land classification for Sri Krishna Nagar Extn-I,II is Residential Special Type - I, indicating its use for residential purposes.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles registrations for properties in Adhanoor?

The Gooduvancheri Sub Registrar Office handles property registrations for Adhanoor. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.