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Guideline Value

Corporate

Guideline Value for SHRI KRISHNA NAGAR 2nd Main Road

₹3850/sq.ft.

The guideline value for Shri Krishna Nagar 2nd 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 2nd Main Road

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SHRI KRISHNA NAGAR 2nd Main Road guideline value

The current guideline value of SHRI KRISHNA NAGAR 2nd Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Maduravoyal village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of SHRI KRISHNA NAGAR 2nd Main Road has changed

The guideline value for SHRI KRISHNA NAGAR 2nd Main Road has seen several revisions over the years. The earliest recorded value was Rs 700 per sq.ft in 2007. This value increased significantly by 400% to Rs 3,500 per sq.ft in 2012. However, it then decreased by 33% to Rs 2,345 per sq.ft in 2017. The value rose again to Rs 3,500 per sq.ft in 2023, followed by a further increase of 10% to the current value of Rs 3,850 per sq.ft in 2024.

There are no figures available for the revisions in 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 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 SHRI KRISHNA NAGAR 2nd Main Road is above this median.

Stamp duty and registration fee for property in SHRI KRISHNA NAGAR 2nd 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, making the total cost 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 accurate calculations.

Which Sub Registrar Office covers SHRI KRISHNA NAGAR 2nd Main Road?

The Sub Registrar Office that covers SHRI KRISHNA NAGAR 2nd Main Road 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 plays a crucial role in the registration process when buying or selling property in Maduravoyal. It serves as a benchmark for calculating the stamp duty and registration fees that are payable at the time of registration.

Frequently asked questions

What is the current guideline value of SHRI KRISHNA NAGAR 2nd Main Road?

The current guideline value of SHRI KRISHNA NAGAR 2nd 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 changed from Rs 700 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

What are the other streets in Maduravoyal with the same guideline value?

Other streets in Maduravoyal with the same guideline value of Rs 3,850 per sq.ft include SHRI KRISHNA NAGAR 2nd Cross Street, SHRI KRISHNA NAGAR 2nd Street, SHRI KRISHNA NAGAR 28th Street, SHRI KRISHNA NAGAR 3rd Cross Street, SHRI KRISHNA NAGAR 27th Street, and SHRI KRISHNA NAGAR 3rd Main Road.

Where can I find the Sub Registrar Office for SHRI KRISHNA NAGAR 2nd Main Road?

The Sub Registrar Office for SHRI KRISHNA NAGAR 2nd Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Maduravoyal?

Stamp duty for properties in Maduravoyal is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 38,50,000 would incur a stamp duty of Rs 2,69,500 at a rate of 7%.