Guideline Value for Sri Krishna Nagar/Ext/Phases

Sri Krishna Nagar/Ext/Phases guideline value

The current guideline value for Sri Krishna Nagar/Ext/Phases in Puthubakkam village under the Thiruvottiyur SRO is Rs 248 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Sri Krishna Nagar/Ext/Phases has changed

The guideline value for Sri Krishna Nagar/Ext/Phases has seen several revisions over the years. The earliest recorded figure in the register is from 2012, where the value was Rs 225 per sq.ft. This was followed by a decrease to Rs 151 per sq.ft in 2017. In 2023, the value increased to Rs 226 per sq.ft, and the most recent revision in 2024 set the value at Rs 248 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2017, there was a significant decrease of 33%. However, from 2017 to 2023, the value rose by 50%. Overall, from 2012 to 2024, 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 Puthubakkam

Puthubakkam village has eight streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 165 to Rs 249 per sq.ft. The median value for these streets is Rs 248 per sq.ft, placing Sri Krishna Nagar/Ext/Phases at this median level.

• Sri Karumaniamman Nagar: Rs 248 per sq.ft (2024)
• Sri Padmavathy Nagar: Rs 248 per sq.ft (2024)
• Sri Sankaran Vetrivel Garden: Rs 248 per sq.ft (2024)
• Outer Ring Road: Rs 249 per sq.ft (2024)
• Madhurai Meenakshi Nagar: Rs 248 per sq.ft (2024)
• Balamurugan Nagar: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Krishna Nagar/Ext/Phases

For a 1,000 sq.ft plot at the current guideline value of Rs 248 per sq.ft, the total guideline value amounts to Rs 2,48,000. The stamp duty at 7% would be Rs 17,360, and the registration fee at 2% would be Rs 4,960, bringing the total fees to Rs 22,320. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Krishna Nagar/Ext/Phases?

The Sri Krishna Nagar/Ext/Phases area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Puthubakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that both the buyer and seller adhere to the legal requirements set by the state.

When buying or selling property, the guideline value helps determine the official value of the property, which is essential for tax purposes. It is important to be aware of the current guideline value to ensure a smooth registration process.

Frequently asked questions

What is the current guideline value for Sri Krishna Nagar/Ext/Phases?

The current guideline value for Sri Krishna Nagar/Ext/Phases is Rs 248 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017, then increased to Rs 226 per sq.ft in 2023, and finally to Rs 248 per sq.ft in 2024.

What is the land classification for Sri Krishna Nagar/Ext/Phases?

Sri Krishna Nagar/Ext/Phases is classified as Residential Special Type - I.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for property in Sri Krishna Nagar/Ext/Phases?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 2,48,000, the stamp duty would be Rs 17,360.