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Guideline Value

Corporate

Guideline Value for SHRI KRISHNA NAGAR 19th Street

₹3850/sq.ft.

The guideline value for Shri Krishna Nagar 19th 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 19th Street

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SHRI KRISHNA NAGAR 19th Street guideline value

The current guideline value of SHRI KRISHNA NAGAR 19th 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 19th Street has changed

The guideline value for SHRI KRISHNA NAGAR 19th Street has seen several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a 400% rise. However, this value saw a decrease to Rs 2,345 per sq.ft in 2017, a reduction of 33%. The value then rose sharply to Rs 3,500 per sq.ft in 2023, and finally, it increased by 10% to reach the current value of Rs 3,850 per sq.ft in 2024.

It is important to note that the register has no figures for SHRI KRISHNA NAGAR 19th Street for the years 2002 and 2003. 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 a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value for these streets is Rs 3,050 per sq.ft, positioning SHRI KRISHNA NAGAR 19th Street above that median.

Stamp duty and registration fee for property in SHRI KRISHNA NAGAR 19th 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, while the registration fee at 2% would be Rs 77,000, totaling 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 19th Street?

The Sub Registrar Office that covers SHRI KRISHNA NAGAR 19th 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 during the registration of property transactions in Maduravoyal. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted in accordance with the state's regulations.

When buying or selling a property, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, protecting the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of SHRI KRISHNA NAGAR 19th Street?

The current guideline value of SHRI KRISHNA NAGAR 19th 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, reflecting an overall increase of 450% over these years.

What are the guideline values for other streets in Maduravoyal?

Other streets in Maduravoyal also have a guideline value of Rs 3,850 per sq.ft in 2024, including SHRI KRISHNA NAGAR 18th Street and SHRI KRISHNA NAGAR 1st Main Road, among others.

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

The stamp duty rate for properties in SHRI KRISHNA NAGAR 19th Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering SHRI KRISHNA NAGAR 19th Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.