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Guideline Value

Corporate

Guideline Value for SHRI KRISHNA NAGAR 10th Street

₹3850/sq.ft.

The guideline value for Shri Krishna Nagar 10th 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 ₹1100 /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 10th Street

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SHRI KRISHNA NAGAR 10th Street guideline value

The current guideline value of SHRI KRISHNA NAGAR 10th 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 10th Street has changed

The guideline value for SHRI KRISHNA NAGAR 10th Street has undergone several revisions over the years. In 2007, the value was Rs 1,100 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a 218% rise. However, it saw a decrease to Rs 2,345 per sq.ft in 2017, a drop of 33%. The value then surged to Rs 3,500 per sq.ft in 2023, followed by a further increase to Rs 3,850 per sq.ft in 2024, reflecting a 10% rise.

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 250%, showcasing significant changes in the valuation over the years.

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 value is Rs 3,050 per sq.ft, placing SHRI KRISHNA NAGAR 10th Street above this median with its current value of Rs 3,850 per sq.ft.

Stamp duty and registration fee for property in SHRI KRISHNA NAGAR 10th 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 important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers SHRI KRISHNA NAGAR 10th Street?

The Sub Registrar Office that covers SHRI KRISHNA NAGAR 10th 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects the prevailing market conditions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential costs that buyers and sellers must consider during the transaction process.

Frequently asked questions

What is the current guideline value for SHRI KRISHNA NAGAR 10th Street?

The current guideline value for SHRI KRISHNA NAGAR 10th 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, starting from Rs 1,100 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, representing an overall increase of 250% over the years.

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

Other streets in Maduravoyal, such as SHRI KRISHNA NAGAR 11th, 12th, 13th, 14th, 15th, and 16th Streets, also have a guideline value of Rs 3,850 per sq.ft for 2024.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7%, which is applicable on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for SHRI KRISHNA NAGAR 10th Street?

The Sub Registrar Office for SHRI KRISHNA NAGAR 10th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.