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Guideline Value

Corporate

Guideline Value for SHRI KRISHNA NAGAR 8th Street

₹3850/sq.ft.

The guideline value for Shri Krishna Nagar 8th 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 8th Street

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SHRI KRISHNA NAGAR 8th Street guideline value

The current guideline value of SHRI KRISHNA NAGAR 8th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of SHRI KRISHNA NAGAR 8th Street has changed

The guideline value for SHRI KRISHNA NAGAR 8th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where 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, it decreased to Rs 2,345 per sq.ft in 2017, representing a 33% drop. The value then saw a substantial increase to Rs 3,500 per sq.ft in 2023, followed by another increase to the current rate of Rs 3,850 per sq.ft in 2024, which is a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the value has risen by 450%. 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 for these streets is Rs 3,050 per sq.ft, placing SHRI KRISHNA NAGAR 8th Street's 2024 figure above this median.

Stamp duty and registration fee for property in SHRI KRISHNA NAGAR 8th 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 cost together to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers SHRI KRISHNA NAGAR 8th Street?

The Sub Registrar Office that covers SHRI KRISHNA NAGAR 8th 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 details.

How the guideline value is used when you buy or sell in Maduravoyal

The guideline value is a crucial factor when registering property transactions in Maduravoyal. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When you buy or sell property, the guideline value helps to establish a fair assessment of the property’s worth, which is essential for both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value of SHRI KRISHNA NAGAR 8th Street?

The current guideline value of SHRI KRISHNA NAGAR 8th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased by 450%. Notably, it rose from Rs 700 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on this street?

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 Sub Registrar Office handles registrations for SHRI KRISHNA NAGAR 8th Street?

The Virugambakkam Sub Registrar Office handles registrations for SHRI KRISHNA NAGAR 8th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value for streets in Maduravoyal?

The median guideline value for streets in Maduravoyal is Rs 3,050 per sq.ft. SHRI KRISHNA NAGAR 8th Street's guideline value is above this median.