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Guideline Value

Corporate

Guideline Value for SHRI KRISHNA NAGAR 1st Main Road

₹3850/sq.ft.

The guideline value for Shri Krishna Nagar 1st Main Road in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /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. 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 Shri Krishna Nagar 1st Main Road

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SHRI KRISHNA NAGAR 1st Main Road guideline value

The current guideline value of SHRI KRISHNA NAGAR 1st Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Maduravoyal village under the Virugambakkam SRO, classified as Residential Class I Type - I.

How the guideline value of SHRI KRISHNA NAGAR 1st Main Road has changed

The guideline value of SHRI KRISHNA NAGAR 1st Main Road has seen several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, a decline of 33%. The subsequent revision in 2017 brought the value back up to Rs 3,500 per sq.ft, followed by a substantial increase to Rs 3,500 per sq.ft in 2023, reflecting a 49% growth. The latest revision in 2024 has set the guideline value at Rs 3,850 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value for these streets is Rs 3,050 per sq.ft, placing SHRI KRISHNA NAGAR 1st Main Road above this median value.

Stamp duty and registration fee for property in SHRI KRISHNA NAGAR 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers SHRI KRISHNA NAGAR 1st Main Road?

The SHRI KRISHNA NAGAR 1st Main Road 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 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 of property transactions in Maduravoyal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value impacts the calculation of stamp duty and registration fees, which are essential costs associated with the transaction. Buyers should be aware of the guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value for SHRI KRISHNA NAGAR 1st Main Road?

The current guideline value for SHRI KRISHNA NAGAR 1st Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 700 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 450%.

What is the median guideline value in Maduravoyal?

The median guideline value for streets in Maduravoyal is Rs 3,050 per sq.ft, with SHRI KRISHNA NAGAR 1st Main Road being above this median at Rs 3,850 per sq.ft.

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

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which office handles property registrations for SHRI KRISHNA NAGAR 1st Main Road?

The Virugambakkam Sub Registrar Office handles property registrations for SHRI KRISHNA NAGAR 1st Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.