Guideline Value

Corporate

Guideline Value for Solai Krishnan Street

₹4950/sq.ft.

The guideline value for Solai Krishnan Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 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

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Solai Krishnan Street

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Solai Krishnan Street guideline value

The current guideline value of Solai Krishnan Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Solai Krishnan Street has changed

The guideline value for Solai Krishnan Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 4,950 per sq.ft, which is a 10% increase from the 2023 revision of Rs 4,500 per sq.ft. Prior to this, the 2012 revision also recorded a value of Rs 4,500 per sq.ft, indicating no change from 2012 to 2023.

There are no recorded figures for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value across these streets is Rs 3,850 per sq.ft, placing Solai Krishnan Street's 2024 figure above that median.

Stamp duty and registration fee for property in Solai Krishnan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total fees together to Rs 4,45,500. It is important to note that the 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 specific calculations.

Which Sub Registrar Office covers Solai Krishnan Street?

The Sub Registrar Office that covers Solai Krishnan 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 Valasaravakkam

The guideline value plays a crucial role in property transactions in Valasaravakkam, as it is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to calculate the necessary fees accurately.

When a property is sold, the guideline value is often used as a benchmark to assess the sale price. This ensures that the transaction is registered at a value that reflects the official rates set by the government, helping to maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Solai Krishnan Street?

The current guideline value of Solai Krishnan Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2012 to 2024?

The guideline value has increased by 10% from Rs 4,500 per sq.ft in 2012 to Rs 4,950 per sq.ft in 2024.

What are the guideline values of other streets in Valasaravakkam?

Other streets in Valasaravakkam have a 2024 guideline value of Rs 3,850 per sq.ft, which is lower than that of Solai Krishnan Street.

Where is the Sub Registrar Office for Solai Krishnan Street located?

The Sub Registrar Office for Solai Krishnan Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Solai Krishnan Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500.