Guideline Value

Corporate

Guideline Value for Sri Krishna Nagar

₹440/sq.ft.

The guideline value for Sri Krishna Nagar in Pothur village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 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

Pothur

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
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 440 per sq.ft, effective from 1 July 2024. This street is located in Pothur village under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Sri Krishna Nagar has changed

The guideline value of Sri Krishna Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in the 2023 revision. The current 2024 revision reflects a further increase to Rs 440 per sq.ft, marking a 10% rise from the previous year. Overall, from 2017 to 2024, there has been a significant increase of 64% in the guideline value.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Sri Krishna Nagar. This absence of data means we can only assess the changes from 2017 onwards, highlighting the substantial growth in the guideline value during this period.

Guideline values in Pothur

In Pothur, there are 98 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Sri Krishna Nagar's 2024 figure below this median.

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 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It is important to note that the 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 information.

Which Sub Registrar Office covers Sri Krishna Nagar?

Sri Krishna Nagar falls under the jurisdiction of 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 details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Pothur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that transactions are conducted in accordance with the prevailing regulations.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sri Krishna Nagar?

The current guideline value of Sri Krishna Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the other streets in Pothur and their guideline values?

Other streets in Pothur include Sri Jai Balaji Nagar, Sri Dhanalakshmi Nagar, Sri Bhavani Nagar, and Sri Sai Nagar, all valued at Rs 550 per sq.ft in 2024. Sri Sai Sakthi Nagar and Sri Sai Sakthi Nagar Annex are both valued at Rs 440 per sq.ft.

What fees are associated with buying property in Sri Krishna Nagar?

When buying property in Sri Krishna Nagar, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the higher of the guideline value or the sale price.

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

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