Guideline Value for Sri Krishna Nagar

Sri Krishna Nagar guideline value

The current guideline value of Sri Krishna Nagar, located in Noombal village under the Kunrathur SRO, is Rs 2,090 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - I land classification.

How the guideline value of Sri Krishna Nagar has changed

The guideline value of Sri Krishna Nagar has seen significant changes over the years. In the 2003 revision, the guideline value was Rs 124 per sq.ft, which increased dramatically to Rs 1,273 per sq.ft in 2017, marking a change of +927%. The 2023 revision saw it rise to Rs 1,900 per sq.ft, a further increase of +49%. The most recent revision in 2024 has set the guideline value at Rs 2,090 per sq.ft, representing a +10% increase from the previous year.

There are no figures available for the years 2002, 2007, and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by +1585%.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, which is equal to the current guideline value of Sri Krishna Nagar.

• Sri Kamatchi Nagar: Rs 2,090 per sq.ft (2024)
• Sri Moogambikai Nagar Extn: Rs 2,860 per sq.ft (2024)
• Sri Dhanalakshmi Avenue: Rs 2,090 per sq.ft (2024)
• Sri Balaji Nagar Adithi Avenue: Rs 2,090 per sq.ft (2024)
• Sri Balaji Nagar: Rs 2,090 per sq.ft (2024)
• Sri Padhmavathy Nagar: Rs 2,090 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 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Krishna Nagar?

The Kunrathur Sub Registrar Office covers Sri Krishna Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process for property transactions in Noombal. It serves as the basis for calculating stamp duty and registration fees, which are essential costs associated with property buying and selling.

When you register a property, the guideline value is used to determine the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in 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 2,090 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 124 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, representing an overall increase of +1585%.

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

For a 1,000 sq.ft property, the total guideline value is Rs 20,90,000. The stamp duty at 7% is Rs 1,46,300, and the registration fee at 2% is Rs 41,800, totaling Rs 1,88,100.

Which Sub Registrar Office covers Sri Krishna Nagar?

Sri Krishna Nagar falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Sri Krishna Nagar?

Sri Krishna Nagar is classified as Residential Special Type - I, indicating its use for residential purposes within the area.