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Guideline Value

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Guideline Value for SHRI KRISHNA NAGAR 26th Street

₹3850/sq.ft.

The guideline value for Shri Krishna Nagar 26th 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 26th Street

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SHRI KRISHNA NAGAR 26th Street guideline value

The current guideline value of SHRI KRISHNA NAGAR 26th 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 26th Street has changed

The guideline value of SHRI KRISHNA NAGAR 26th Street has undergone several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 700 per sq.ft. This figure increased significantly to Rs 3,500 per sq.ft in 2012, marking a 400% rise. However, in 2017, the value decreased to Rs 2,345 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, and most recently, it has reached Rs 3,850 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

There are no figures recorded for SHRI KRISHNA NAGAR 26th Street in the years 2002 and 2003. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 450%.

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. The median guideline value for these streets is Rs 3,050 per sq.ft, positioning SHRI KRISHNA NAGAR 26th Street above this median.

Stamp duty and registration fee for property in SHRI KRISHNA NAGAR 26th Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, while the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It's 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 accurate calculations.

Which Sub Registrar Office covers SHRI KRISHNA NAGAR 26th Street?

The Sub Registrar Office that covers SHRI KRISHNA NAGAR 26th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of SHRI KRISHNA NAGAR 26th Street?

The current guideline value of SHRI KRISHNA NAGAR 26th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen various changes, starting from Rs 700 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024. The value has increased significantly, with a total rise of 450% from 2007 to 2024.

What is the land classification of SHRI KRISHNA NAGAR 26th Street?

SHRI KRISHNA NAGAR 26th Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

The stamp duty rate for properties in SHRI KRISHNA NAGAR 26th Street is 7%, which is applied to the higher of the guideline value or the sale price during the registration process.

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

The Sub Registrar Office covering SHRI KRISHNA NAGAR 26th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.