Guideline Value for Sri Krishnamoorthy Nagar

Sri Krishnamoorthy Nagar guideline value

The current guideline value of Sri Krishnamoorthy Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Valarpuram village under the Sriperumpudur Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Krishnamoorthy Nagar has changed

Over the years, the guideline value for Sri Krishnamoorthy Nagar has seen various revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 300 per sq.ft. The 2017 revision marked a significant increase to Rs 201 per sq.ft, reflecting a 49% rise from the previous figure. Notably, the register has no figure for this street for the years 2002, 2003, and 2007.

As of the 2024 revision, the guideline value is again Rs 300 per sq.ft, showing no change from the previous year. Overall, from the 2012 revision to the 2024 revision, there has been a 0% change, indicating stability in the guideline value during this period.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 2,025 per sq.ft. The median value is Rs 300 per sq.ft, which is equal to the current guideline value of Sri Krishnamoorthy Nagar.

• Sri Ganapathy Nagar: Rs 300 per sq.ft (2024)
• Sri Eswari Nagar Extn: Rs 200 per sq.ft (2024)
• Sri Sai Nagar: Rs 200 per sq.ft (2024)
• Sri Varadharajan Nagar: Rs 400 per sq.ft (2024)
• Sri Venkatachalapathy Annex: Rs 400 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Krishnamoorthy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Krishnamoorthy Nagar?

Sri Krishnamoorthy Nagar falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Valarpuram. It helps determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property is sold, the guideline value acts as a benchmark for the transaction. Buyers and sellers must consider this value to understand the financial implications of the sale, particularly in terms of the taxes and fees associated with the transfer of ownership.

Frequently asked questions

What is the current guideline value of Sri Krishnamoorthy Nagar?

The current guideline value of Sri Krishnamoorthy Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since the 2012 revision, with a significant increase from Rs 201 per sq.ft in 2017. There has been no change from 2023 to 2024.

What is the land classification for Sri Krishnamoorthy Nagar?

Sri Krishnamoorthy Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Sri Krishnamoorthy Nagar?

The Sub Registrar Office covering Sri Krishnamoorthy Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Krishnamoorthy Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.