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Guideline Value

Corporate

Guideline Value for SHRI KRISHNA NAGAR 17th Street

₹3850/sq.ft.

The guideline value for Shri Krishna Nagar 17th 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 17th Street

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SHRI KRISHNA NAGAR 17th Street guideline value

The current guideline value of SHRI KRISHNA NAGAR 17th 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 17th Street has changed

The guideline value for SHRI KRISHNA NAGAR 17th Street has seen significant changes over the years. In the 2007 revision, the value was Rs 700 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, this was a decrease of 33% from the previous value. The value then rose dramatically to Rs 2,345 per sq.ft in the 2017 revision, marking a 400% increase from 2007. By the 2023 revision, the guideline value reached Rs 3,500 per sq.ft, and in the latest 2024 revision, it increased by 10% to Rs 3,850 per sq.ft.

There are no figures available for the years 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, with guideline values ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value is Rs 3,050 per sq.ft, placing SHRI KRISHNA NAGAR 17th Street's 2024 figure above this median.

Stamp duty and registration fee for property in SHRI KRISHNA NAGAR 17th 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, charged at 7%, would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees to Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SHRI KRISHNA NAGAR 17th Street?

The SHRI KRISHNA NAGAR 17th Street falls under 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. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the guideline value as it directly impacts the overall cost of property transactions.

When a property is sold, the buyer is required to pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives due revenue based on the property’s assessed value.

Frequently asked questions

What is the current guideline value of SHRI KRISHNA NAGAR 17th Street?

The current guideline value of SHRI KRISHNA NAGAR 17th 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, increasing from Rs 700 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024. This represents an overall increase of 450% from 2007 to 2024.

What is the median guideline value in Maduravoyal?

The median guideline value in Maduravoyal is Rs 3,050 per sq.ft. The guideline value for SHRI KRISHNA NAGAR 17th Street is above this median.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,46,500.

Which office handles registrations for SHRI KRISHNA NAGAR 17th Street?

The Virugambakkam Sub Registrar Office handles registrations for SHRI KRISHNA NAGAR 17th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.