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Guideline Value

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Guideline Value for THIRU NAGAR - Krishnan Street

₹4400/sq.ft.

The guideline value for Thiru Nagar - Krishnan Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹472 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹434 /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 Thiru Nagar - Krishnan Street

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THIRU NAGAR - Krishnan Street guideline value

The current guideline value of THIRU NAGAR - Krishnan Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of THIRU NAGAR - Krishnan Street has changed

The guideline value for THIRU NAGAR - Krishnan Street has seen several revisions over the years. Starting from Rs 434 per sq.ft in 2002, it increased to Rs 472 per sq.ft in 2003, marking a 9% increase. The value then rose significantly to Rs 650 per sq.ft in 2007, which was a 38% increase from the previous revision. In 2012, the value further increased to Rs 4,000 per sq.ft, reflecting a remarkable 515% rise. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, representing a 64% increase from the 2017 figure.

It is important to note that there is no figure for THIRU NAGAR - Krishnan Street in the 2023 revision. Overall, from 2002 to 2024, the guideline value has increased by 914%.

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, indicating that THIRU NAGAR - Krishnan Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in THIRU NAGAR - Krishnan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. 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 THIRU NAGAR - Krishnan Street?

The THIRU NAGAR - Krishnan Street is covered by 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 Valasaravakkam

The guideline value is a crucial factor in property transactions in Valasaravakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded accurately for taxation and legal purposes.

During the registration process, buyers and sellers must adhere to the guideline value, as it influences the stamp duty and registration fees. This value is essential for both parties to ensure compliance with local regulations and to maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of THIRU NAGAR - Krishnan Street?

The current guideline value of THIRU NAGAR - Krishnan Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 434 per sq.ft in 2002 and reaching Rs 4,400 per sq.ft in 2024. The overall increase from 2002 to 2024 is 914%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for THIRU NAGAR - Krishnan Street?

The Virugambakkam Sub Registrar Office handles property registrations for THIRU NAGAR - Krishnan Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

Are there other streets with the same guideline value in Valasaravakkam?

Yes, there are several other streets in Valasaravakkam with the same guideline value of Rs 4,400 per sq.ft, including THIRU NAGAR - Rajendran Street, THIRU NAGAR - Durairaj Street, and others.