Guideline Value

Corporate

Guideline Value for Sri Krishna Street

₹3850/sq.ft.

The guideline value for Sri Krishna Street in Valasaravakkam 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 Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class II 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 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹329 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹302 /sq.ft.
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 Sri Krishna Street

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Sri Krishna Street guideline value

The current guideline value of Sri Krishna Street, located in Valasaravakkam village under the Virugambakkam SRO, is Rs 3,850 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Krishna Street has changed

The guideline value for Sri Krishna Street has undergone several revisions since 2002. The 2002 revision recorded a value of Rs 302 per sq.ft, which increased to Rs 329 per sq.ft in 2003, marking a 9% rise. The value then saw a 22% increase to Rs 400 per sq.ft in 2007. Following that, the 2012 revision set the value at Rs 3,500 per sq.ft, reflecting a significant 775% increase. However, in 2017, the value dropped to Rs 2,345 per sq.ft, showing a decline of 33%. The 2023 revision brought the value back up to Rs 3,500 per sq.ft, and the latest 2024 revision has set it at Rs 3,850 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,175%. It is important to note that there are no figures available for the years not listed in the register for this street.

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 for these streets is Rs 3,850 per sq.ft, which is equal to the current guideline value of Sri Krishna Street.

Stamp duty and registration fee for property in Sri Krishna 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, making the total cost for these fees Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Krishna Street?

The Sub Registrar Office that covers Sri Krishna 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. It is used to determine the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is compared to the sale price to determine the applicable fees. The higher of the two values is used to calculate the stamp duty, which is a mandatory cost in property transactions.

Frequently asked questions

What is the current guideline value of Sri Krishna Street?

The current guideline value of Sri Krishna 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 over the years, increasing from Rs 302 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, which is an overall increase of 1,175%.

What is the registration office for Sri Krishna Street?

The registration office for Sri Krishna Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the other streets with the same guideline value in Valasaravakkam?

Other streets in Valasaravakkam with the same guideline value of Rs 3,850 per sq.ft include Sri Lakshmi Nagar 10th Cross Street, 11th Cross Street, 1st Cross Street, 1st Main Road, 1st Street, and 2nd Cross Street.

How is the stamp duty calculated for properties in Sri Krishna Street?

Stamp duty for properties in Sri Krishna Street is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 38,50,000, the stamp duty at 7% would be Rs 2,69,500.