Guideline Value for Sri krishna Nagar

Sri krishna Nagar guideline value

The current guideline value of Sri krishna Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Ponthoor village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri krishna Nagar has changed

Over the years, the guideline value of Sri krishna Nagar has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 190 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2012, followed by a decrease to Rs 335 per sq.ft in 2017. The 2023 revision maintained the value at Rs 500 per sq.ft, and the current 2024 revision also remains at Rs 500 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 for this street.

In terms of percentage changes, the guideline value increased by 163% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The overall change from 2007 to 2024 shows a significant increase of 163%.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, making the guideline value for Sri krishna Nagar above this median.

• Sri Lakshmi Nagar: Rs 402 per sq.ft (2024)
• Srinivasa Nagar: Rs 709 per sq.ft (2024)
• Sriperumpudur Chengalpattu Road: Rs 700 per sq.ft (2024)
• Sri Ram Nagar: Rs 300 per sq.ft (2024)
• Sree Balaji Nagar: Rs 1,195 per sq.ft (2024)
• Sps Nagar: Rs 600 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 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 details.

Which Sub Registrar Office covers Sri krishna Nagar?

The Sub Registrar Office that covers Sri krishna Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Ponthoor, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri krishna Nagar?

The current guideline value of Sri krishna Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has gone through several revisions, starting from Rs 190 per sq.ft in 2007 to Rs 500 per sq.ft in both 2012 and 2024, with fluctuations in between.

What is the median guideline value in Ponthoor?

The median guideline value in Ponthoor is Rs 300 per sq.ft, with Sri krishna Nagar's current value being above this median.

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

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

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 5,00,000 would incur a stamp duty of Rs 35,000 at the rate of 7%.