Guideline Value for Kiranthi Street & Nagar

Kiranthi Street & Nagar guideline value

The current guideline value of Kiranthi Street & Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Kiranthi Street & Nagar has changed

The guideline value for Kiranthi Street & Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 has brought it to Rs 2,750 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, there was a substantial increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value for these streets is Rs 3,050 per sq.ft, indicating that Kiranthi Street & Nagar's 2024 figure is below this median.

• Krishnamachari Nagar 10th Street: Rs 3,600 per sq.ft (2024)
• Krishnamachari Nagar 1st Main Road: Rs 3,600 per sq.ft (2024)
• Krishnamachari Nagar 1st Street: Rs 3,600 per sq.ft (2024)
• Krishnamachari Nagar 2nd Main Road: Rs 3,600 per sq.ft (2024)
• Krishnamachari Nagar 2nd Street: Rs 3,600 per sq.ft (2024)
• Krishnamachari Nagar 3rd Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kiranthi Street & Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kiranthi Street & Nagar?

Kiranthi Street & Nagar falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor in the property registration process in Maduravoyal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall transaction cost. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kiranthi Street & Nagar?

The current guideline value of Kiranthi Street & Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification of Kiranthi Street & Nagar?

Kiranthi Street & Nagar is classified as Residential Class IV Type - I, which indicates its designation for residential purposes.

Where can I calculate stamp duty and registration fees?

You can calculate the stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office handles registrations for Kiranthi Street & Nagar?

The Virugambakkam Sub Registrar Office handles registrations for Kiranthi Street & Nagar, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.