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Guideline Value

Corporate

Guideline Value for SHRI KRISHNA NAGAR 3rd Street

₹3850/sq.ft.

The guideline value for Shri Krishna Nagar 3rd 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 3rd Street

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SHRI KRISHNA NAGAR 3rd Street guideline value

The current guideline value of SHRI KRISHNA NAGAR 3rd Street is Rs 3,850 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 - I.

How the guideline value of SHRI KRISHNA NAGAR 3rd Street has changed

Over the years, the guideline value for SHRI KRISHNA NAGAR 3rd Street has seen significant changes. The 2007 revision set the value at Rs 700 per sq.ft, which increased dramatically to Rs 3,500 per sq.ft in 2012, marking a 400% rise. However, the value then decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The value rebounded to Rs 3,500 per sq.ft in 2023, before reaching the current rate of Rs 3,850 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the value rose by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that have a guideline value for 2024, ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median of Rs 3,050 per sq.ft. The guideline value for SHRI KRISHNA NAGAR 3rd Street is above this median.

Stamp duty and registration fee for property in SHRI KRISHNA NAGAR 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to 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 important to note that the duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SHRI KRISHNA NAGAR 3rd Street?

The SHRI KRISHNA NAGAR 3rd Street 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 for property transactions in Maduravoyal. It serves as a benchmark for determining the minimum sale price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it directly influences the financial obligations involved in the transaction. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid any complications during registration.

Frequently asked questions

What is the current guideline value for SHRI KRISHNA NAGAR 3rd Street?

The current guideline value for SHRI KRISHNA NAGAR 3rd 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, marking an overall increase of 450% over the years.

What is the land classification for SHRI KRISHNA NAGAR 3rd Street?

SHRI KRISHNA NAGAR 3rd Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Virugambakkam Sub Registrar Office?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in SHRI KRISHNA NAGAR 3rd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500.