Guideline Value

Corporate

Guideline Value for Sri Krishna Nagar

₹220/sq.ft.

The guideline value for Sri Krishna Nagar in Pazhaya Erumai Vettipalayam village (Redhills SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pazhaya Erumai Vettipalayam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹12 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹117 /sq.ft.
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

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Krishna Nagar guideline value

The current guideline value of Sri Krishna Nagar, located in Pazhaya Erumai Vettipalayam village, is Rs 220 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification. The area is registered with the Redhills SRO.

How the guideline value of Sri Krishna Nagar has changed

The guideline value for Sri Krishna Nagar has undergone several revisions over the years. In 2002, the value was Rs 117 per sq.ft, which then saw a significant increase to Rs 12 per sq.ft in 2003. Following this, the value rose dramatically by 733% to Rs 100 per sq.ft in 2007. The 2012 revision brought the value to Rs 200 per sq.ft, a 100% increase from the previous figure. However, the value decreased by 33% to Rs 134 per sq.ft in 2017. The 2023 revision set the value at Rs 200 per sq.ft, and the most recent revision in 2024 increased it to Rs 220 per sq.ft, reflecting a 10% rise.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 88%.

Guideline values in Pazhaya Erumai Vettipalayam

Pazhaya Erumai Vettipalayam has 14 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 110 to Rs 220 per sq.ft. The guideline value for Sri Krishna Nagar is equal to the median value of Rs 220 per sq.ft for the area.

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 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, making the total fees together Rs 19,800. 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 covering 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 Pazhaya Erumai Vettipalayam

The guideline value plays a crucial role in the registration process of property transactions in Pazhaya Erumai Vettipalayam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than the negotiated sale price.

When buying or selling property, the guideline value helps in establishing the official value of the property for legal and taxation purposes. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar?

The current guideline value of Sri Krishna Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 117 per sq.ft in 2002 to Rs 220 per sq.ft in 2024, reflecting an overall increase of 88% over this period.

What is the registration office for Sri Krishna Nagar?

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

How is stamp duty calculated for properties in Sri Krishna Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 15,400.

Are there other streets with different guideline values in Pazhaya Erumai Vettipalayam?

Yes, there are other streets in Pazhaya Erumai Vettipalayam with varying guideline values ranging from Rs 110 to Rs 220 per sq.ft, with the median value being Rs 220 per sq.ft.