Guideline Value for Sri Krishna Nagar Part - I

Sri Krishna Nagar Part - I guideline value

The current guideline value of Sri Krishna Nagar Part - I is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Navaloor village under the Padappai Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Sri Krishna Nagar Part - I has changed

The guideline value for Sri Krishna Nagar Part - I has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft. This increased to Rs 500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 550 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,000 per sq.ft. The median value is Rs 550 per sq.ft, making the current value of Sri Krishna Nagar Part - I equal to this median.

• Sri Krishna Nagar Part - I S.Nos.2/2b1, 2b2: Rs 550 per sq.ft (2024)
• Sri Ganeshji Nagar: Rs 440 per sq.ft (2024)
• Srinivasa Perumal Nagar: Rs 550 per sq.ft (2024)
• Sree Varalakshmi Avenue: Rs 550 per sq.ft (2024)
• S.L.S Nagar: Rs 550 per sq.ft (2024)
• S.L Green City: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Krishna Nagar Part - I

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Krishna Nagar Part - I?

The Sub Registrar Office that covers Sri Krishna Nagar Part - I is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when it comes to property transactions in Navaloor. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps establish a baseline for negotiations and documentation. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar Part - I?

The current guideline value of Sri Krishna Nagar Part - I is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft in 2024, marking an overall increase of 64%.

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

Other streets in Navaloor include Sri Ganeshji Nagar at Rs 440 per sq.ft, and several others like Srinivasa Perumal Nagar, Sree Varalakshmi Avenue, and S.L.S Nagar, all at Rs 550 per sq.ft.

What fees are associated with property transactions in Sri Krishna Nagar Part - I?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Where is the Sub Registrar Office for Sri Krishna Nagar Part - I located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.