Guideline Value

Corporate

Guideline Value for Krishnamachari Nagar 10th Street

₹3600/sq.ft.

The guideline value for Krishnamachari Nagar 10th 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 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹753 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹688 /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 10th Street

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Krishnamachari Nagar 10th Street guideline value

The current guideline value of Krishnamachari Nagar 10th Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, classified as Residential Class I Type - II.

How the guideline value of Krishnamachari Nagar 10th Street has changed

The guideline value for Krishnamachari Nagar 10th Street has seen several revisions over the years. In 2002, the value was Rs 688 per sq.ft, which increased to Rs 753 per sq.ft in 2003. The value then rose to Rs 800 per sq.ft in 2007, followed by a significant jump to Rs 3,250 per sq.ft in 2012. However, it decreased to Rs 2,177 per sq.ft in 2017. The value then increased to Rs 3,250 per sq.ft in 2023, and finally, it stands at Rs 3,600 per sq.ft in 2024. There are no figures available for the revisions in years not listed.

Between the revisions, the most notable changes include an increase of 306% from 2007 to 2012, a decrease of 33% from 2012 to 2017, and an increase of 49% from 2017 to 2023. Overall, from 2002 to 2024, the guideline value has increased by 423%.

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 for Krishnamachari Nagar 10th Street is above this median.

Stamp duty and registration fee for property in Krishnamachari Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be 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 and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Krishnamachari Nagar 10th Street?

The Sub Registrar Office that covers Krishnamachari Nagar 10th 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 reference point for property transactions in Maduravoyal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

At the time of registration, the higher of the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Krishnamachari Nagar 10th Street?

The current guideline value of Krishnamachari Nagar 10th 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 significantly from Rs 688 per sq.ft in 2002 to Rs 3,600 per sq.ft in 2024, reflecting an overall increase of 423% over this period.

What is the guideline value range for other streets in Maduravoyal?

The guideline value for other streets in Maduravoyal ranges from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft.

What are the stamp duty and registration fees for properties in Krishnamachari Nagar 10th Street?

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 handles registrations for Krishnamachari Nagar 10th Street?

The Virugambakkam Sub Registrar Office handles registrations for Krishnamachari Nagar 10th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.