Guideline Value

Corporate

Guideline Value for Krishnamachari Nagar 5th Street

₹3600/sq.ft.

The guideline value for Krishnamachari Nagar 5th 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 ₹700 /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 5th Street

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Krishnamachari Nagar 5th Street guideline value

The current guideline value of Krishnamachari Nagar 5th Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Krishnamachari Nagar 5th Street has changed

The guideline value for Krishnamachari Nagar 5th Street has seen several revisions over the years. In 2002, the value was Rs 439 per sq.ft, which increased to Rs 481 per sq.ft in 2003, marking a 10% rise. Following this, the value rose significantly to Rs 700 per sq.ft in 2007, reflecting a 46% increase. The value further surged to Rs 3,250 per sq.ft in 2012, a remarkable 364% increase. However, it dropped to Rs 2,177 per sq.ft in 2017, showing a decrease of 33%.

From 2017 to 2023, the value increased to Rs 3,250 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 3,600 per sq.ft, marking an 11% increase from the previous year. There are no figures available for the years not listed in the register for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. The guideline value of Krishnamachari Nagar 5th Street is above this median.

Stamp duty and registration fee for property in Krishnamachari Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total 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, bringing the total charges to Rs 3,24,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishnamachari Nagar 5th Street?

The Sub Registrar Office that covers Krishnamachari Nagar 5th 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 an important factor in the registration process when buying or selling property in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, influencing the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Krishnamachari Nagar 5th Street?

The current guideline value of Krishnamachari Nagar 5th 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 the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000 and the registration fee would be Rs 72,000, totaling Rs 3,24,000.

Which Sub Registrar Office is responsible for Krishnamachari Nagar 5th Street?

The Virugambakkam Sub Registrar Office is responsible for Krishnamachari Nagar 5th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Krishnamachari Nagar 5th Street?

The land classification for Krishnamachari Nagar 5th Street is Residential Class I Type - II.