Guideline Value for Sri Krishna Nagar

Sri Krishna Nagar guideline value

The current guideline value of Sri Krishna Nagar, located in Kilay village under the Sriperumpudur SRO, is Rs 400 per sq.ft as per the 2024 revision effective from 1 July 2024. 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 for Sri Krishna Nagar has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 400 per sq.ft. The 2017 revision recorded a lower value of Rs 268 per sq.ft, marking a decrease of 33% from the 2012 figure. Notably, there were no figures available for the years 2002, 2003, and 2007.

From 2017 to 2023, the value increased by 49%, returning to Rs 400 per sq.ft. Overall, from the 2012 revision to the 2024 revision, there has been no change, maintaining the value at Rs 400 per sq.ft.

Guideline values in Kilay

In Kilay village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft, with a median value of Rs 300 per sq.ft. Sri Krishna Nagar's 2024 figure is above this median.

• Sri Mahaganapathy Nagar: Rs 400 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 400 per sq.ft (2024)
• Sri Vaari Nagar: Rs 400 per sq.ft (2024)
• SDN Agro Farms: Rs 400 per sq.ft (2024)
• Teja's The Retreat: Rs 300 per sq.ft (2024)
• Theruveedhiyamman Koil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Krishna Nagar

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, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Krishna Nagar?

The Sub Registrar Office that covers Sri Krishna Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Kilay, the guideline value is a critical factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

The guideline value is established by the Registration Department and is regularly updated to reflect changes in the real estate market. Buyers and sellers should be aware of the current guideline value to accurately assess the costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar?

The current guideline value of Sri Krishna Nagar 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 at Rs 400 per sq.ft since 2012, with a notable decrease to Rs 268 per sq.ft in 2017 before returning to Rs 400 per sq.ft in 2023.

What is the land classification for Sri Krishna Nagar?

Sri Krishna Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Sri Krishna Nagar?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles property registrations for Sri Krishna Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations for Sri Krishna Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.