Guideline Value

Corporate

Guideline Value for Krishnama Road

₹8800/sq.ft.

The guideline value for Krishnama Road in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /sq.ft.
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)

No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24331038
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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]

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Krishnama Road guideline value

The current guideline value of Krishnama Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This road is located in Nungambakkam village and falls under the Chennai Central Joint II SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Krishnama Road has changed

The guideline value for Krishnama Road has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 3,000 per sq.ft. This increased significantly to Rs 8,000 per sq.ft in 2012, marking a 167% rise. However, in the 2017 revision, the value decreased to Rs 5,360 per sq.ft, reflecting a drop of 33%. The value then saw a substantial increase to Rs 8,000 per sq.ft in 2023, followed by another rise to Rs 8,800 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 193%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Nungambakkam

Nungambakkam village has a total of 270 streets under the Chennai Central Joint II SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 22,000 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, which is equal to the current guideline value of Krishnama Road.

Stamp duty and registration fee for property in Krishnama Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, while the registration fee at 2% would be Rs 1,76,000. Together, these fees total Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishnama Road?

The Sub Registrar Office that covers Krishnama Road is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value is an essential reference point used during property registration in Nungambakkam. It helps determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value ensures that the property is registered at a value that reflects the official rates set by the government. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Krishnama Road?

The current guideline value of Krishnama Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, marking an overall increase of 193% over the years.

What are the registration fees for properties on Krishnama Road?

The registration fees for properties on Krishnama Road include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles registrations for Krishnama Road?

The Chennai Central Joint II Sub Registrar Office handles registrations for Krishnama Road, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the land classification for Krishnama Road?

The land classification for Krishnama Road is Residential Special Type - II, indicating its designated use for residential purposes.