Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for SHRI KRISHNA NAGAR 1st Street

₹3850/sq.ft.

The guideline value for Shri Krishna Nagar 1st Street 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 Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

SHRI KRISHNA NAGAR 1st Street guideline value

The current guideline value of SHRI KRISHNA NAGAR 1st Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street 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 1st Street has changed

The guideline value for SHRI KRISHNA NAGAR 1st Street has undergone several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a 400% rise. However, in 2017, the value dropped to Rs 2,345 per sq.ft, reflecting a decrease of 33%. The value then saw a substantial increase to Rs 3,500 per sq.ft in 2023, and further rose to Rs 3,850 per sq.ft in 2024, which is a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 450%. It is important to note that the register has no figures for the years 2002 and 2003 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. The median guideline value in this area is Rs 3,050 per sq.ft, making the current value of SHRI KRISHNA NAGAR 1st Street above the median.

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

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 to Rs 3,46,500. It is essential 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 more detailed calculations.

Which Sub Registrar Office covers SHRI KRISHNA NAGAR 1st Street?

The SHRI KRISHNA NAGAR 1st Street is covered by 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 property transactions in Maduravoyal, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Additionally, the guideline value serves as a reference point for buyers and sellers in understanding the market dynamics in the area. It is essential for both parties to be aware of the current guideline value to facilitate a transparent transaction.

Frequently asked questions

What is the current guideline value of SHRI KRISHNA NAGAR 1st Street?

The current guideline value of SHRI KRISHNA NAGAR 1st Street 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 significantly, from Rs 700 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024. This represents an overall increase of 450% over the years.

What is the land classification for SHRI KRISHNA NAGAR 1st Street?

SHRI KRISHNA NAGAR 1st Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in this area is 7%, calculated on the higher of the guideline value or the sale price of the property.

Where can I find the Sub Registrar Office for SHRI KRISHNA NAGAR 1st Street?

The Virugambakkam Sub Registrar Office, which covers SHRI KRISHNA NAGAR 1st Street, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.