Guideline Value for Sri Krishna Nagar

Sri Krishna Nagar guideline value

The current guideline value of Sri Krishna Nagar, Urapakkam village, under the Gooduvancheri SRO is Rs 1,200 per sq.ft as per the 2023 revision. This area is classified as Residential Special Type - I.

How the guideline value of Sri Krishna Nagar has changed

Over the years, the guideline value of Sri Krishna Nagar has seen several revisions. In the 2007 revision, the value was set at Rs 550 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a rise of 118%. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, a drop of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,200 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 118%. 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 Urapakkam

Currently, there are no specific village figures available for Urapakkam. Sri Krishna Nagar is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Urapakkam listed with their respective rates.

Stamp duty and registration fee for property in Sri Krishna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is essential 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 precise calculations.

Which Sub Registrar Office covers Sri Krishna Nagar?

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

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

The guideline value is a crucial factor during the registration of property transactions in Urapakkam. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is transparent and that the government receives the appropriate taxes. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar?

The current guideline value of Sri Krishna Nagar is Rs 1,200 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and finally returned to Rs 1,200 per sq.ft in 2023.

What is the registration fee for property in Sri Krishna Nagar?

The registration fee for property in Sri Krishna Nagar is calculated based on the guideline value. For a property valued at Rs 12,00,000, the registration fee would be Rs 24,000 at a rate of 2%.

Which Sub Registrar Office covers Sri Krishna Nagar?

The Gooduvancheri Sub Registrar Office covers Sri Krishna Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Urapakkam?

Stamp duty for properties in Urapakkam is calculated at 7% of the guideline value or the sale price, whichever is higher. This ensures that the appropriate taxes are collected during property transactions.