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Guideline Value

Corporate

Guideline Value for Krishnamachari Nagar 3rd Street

₹3600/sq.ft.

The guideline value for Krishnamachari Nagar 3rd Street in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 3600 per sq.ft, effective 1 July 2024. It was Rs 3250 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3600 /sq.ft.
From 1-4-2023 ₹3250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2177 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹481 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹439 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Krishnamachari Nagar 3rd Street

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Krishnamachari Nagar 3rd Street guideline value

The current guideline value of Krishnamachari Nagar 3rd Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Krishnamachari Nagar 3rd Street has changed

The guideline value for Krishnamachari Nagar 3rd Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 439 per sq.ft. It increased to Rs 481 per sq.ft in 2003, followed by a rise to Rs 600 per sq.ft in 2007. The value then saw a significant increase to Rs 3,250 per sq.ft in 2012, but dropped to Rs 2,177 per sq.ft in 2017. The guideline value rose again to Rs 3,250 per sq.ft in 2023 and is now set at Rs 3,600 per sq.ft from the 2024 revision.

Between these revisions, the most notable changes include a 442% increase from 2007 to 2012, and a 49% increase from 2017 to 2023. The latest revision from 2023 to 2024 reflects an 11% increase. Overall, from 2002 to 2024, the guideline value has increased by 720%. There are no figures available for the revisions in years other than those listed.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value in this area is Rs 3,050 per sq.ft, placing Krishnamachari Nagar 3rd Street's 2024 figure above this median.

Stamp duty and registration fee for property in Krishnamachari Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 3,600 per sq.ft, the guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, totaling Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Krishnamachari Nagar 3rd Street?

The Sub Registrar Office that covers Krishnamachari Nagar 3rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Maduravoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is aligned with the official valuation of the property in the area.

Frequently asked questions

What is the current guideline value of Krishnamachari Nagar 3rd Street?

The current guideline value of Krishnamachari Nagar 3rd Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 439 per sq.ft in 2002 to Rs 3,600 per sq.ft in 2024, reflecting an overall increase of 720% over this period.

What is the median guideline value in Maduravoyal?

The median guideline value in Maduravoyal is Rs 3,050 per sq.ft. Krishnamachari Nagar 3rd Street's 2024 figure is above this median.

What are the stamp duty and registration fees for property in Krishnamachari Nagar 3rd Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 3,24,000 based on the current guideline value of Rs 3,600 per sq.ft.

Which office handles property registration for Krishnamachari Nagar 3rd Street?

The Virugambakkam Sub Registrar Office handles property registration for Krishnamachari Nagar 3rd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.