Guideline Value

Corporate

Guideline Value for Sri Krishna Nagar

₹550/sq.ft.

The guideline value for Sri Krishna Nagar in Alamathi village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Alamathi

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹22 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Krishna Nagar

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Sri Krishna Nagar guideline value

The current guideline value of Sri Krishna Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Alamathi village under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Krishna Nagar has changed

The guideline value for Sri Krishna Nagar has seen several revisions over the years. Starting from Rs 22 per sq.ft in 2003, it increased significantly to Rs 200 per sq.ft in 2007, followed by a rise to Rs 500 per sq.ft in 2012. The value then decreased to Rs 335 per sq.ft in 2017 before climbing to Rs 500 per sq.ft again in 2023. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft.

Between these revisions, notable changes include a remarkable increase of 809% from 2003 to 2007, followed by a 150% increase from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The guideline value then rose by 49% from 2017 to 2023 and increased by 10% from 2023 to 2024. The overall increase from 2003 to 2024 stands at 2400%. The register has no figure for this street in 2002.

Guideline values in Alamathi

In Alamathi village, there are 54 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,100 per sq.ft. The median value is Rs 550 per sq.ft, which is equal to the guideline value for Sri Krishna Nagar.

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 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 together to Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Krishna Nagar?

The Sub Registrar Office that covers Sri Krishna Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Alamathi. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the authorities.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This value is essential for compliance with local regulations and for calculating the associated costs 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 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 22 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, with several revisions along the way.

What is the stamp duty rate for properties in Sri Krishna Nagar?

The stamp duty rate for properties in Sri Krishna Nagar is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Sri Krishna Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the other streets in Alamathi with similar guideline values?

Other streets in Alamathi with similar guideline values include Sri Kalikambal Avenue and Sri Balaji Garden, both at Rs 550 per sq.ft in 2024.