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Guideline Value

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Guideline Value for SHRI KRISHNA NAGAR 27th Street

₹3850/sq.ft.

The guideline value for Shri Krishna Nagar 27th 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 27th Street

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SHRI KRISHNA NAGAR 27th Street guideline value

The current guideline value for SHRI KRISHNA NAGAR 27th 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 27th Street has changed

The guideline value for SHRI KRISHNA NAGAR 27th Street has seen several revisions over the years. In 2007, the guideline value was set at Rs 700 per sq.ft. This figure rose significantly to Rs 3,500 per sq.ft in 2012, marking a 400% increase. However, it then decreased to Rs 2,345 per sq.ft in 2017, representing a 33% drop. The value increased again to Rs 3,500 per sq.ft in 2023, followed by another increase to Rs 3,850 per sq.ft in 2024, which is a 10% rise from the previous year.

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 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 for these streets is Rs 3,050 per sq.ft, placing SHRI KRISHNA NAGAR 27th Street's 2024 figure above this median.

Stamp duty and registration fee for property in SHRI KRISHNA NAGAR 27th 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, leading to a total cost of Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers SHRI KRISHNA NAGAR 27th Street?

The Sub Registrar Office that covers SHRI KRISHNA NAGAR 27th 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 plays a crucial role in the registration process when buying or selling property in Maduravoyal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are transparent and accountable.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for SHRI KRISHNA NAGAR 27th Street?

The current guideline value for SHRI KRISHNA NAGAR 27th 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 from Rs 700 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, showing an overall increase of 450% over the years.

What is the median guideline value in Maduravoyal?

The median guideline value for streets in Maduravoyal is Rs 3,050 per sq.ft, which is lower than the current guideline value of SHRI KRISHNA NAGAR 27th Street.

What are the stamp duty and registration fees for property 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 cost would be Rs 3,46,500.

Which office handles registrations for SHRI KRISHNA NAGAR 27th Street?

The Virugambakkam Sub Registrar Office handles registrations for SHRI KRISHNA NAGAR 27th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.