Guideline Value for Valluvar Street (Krishnamoorthy Nagar)

Valluvar Street (Krishnamoorthy Nagar) guideline value

The current guideline value of Valluvar Street (Krishnamoorthy Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Valluvar Street (Krishnamoorthy Nagar) has changed

The guideline value register for Valluvar Street (Krishnamoorthy Nagar) shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 2,700 per sq.ft.

As there are no figures available for the previous years listed, it can be noted that the current value has been established based on the 2024 revision, aligning with the median value for the area.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO carrying a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is equal to the current value of Valluvar Street (Krishnamoorthy Nagar).

• Valluvar Street: Rs 2,700 per sq.ft (2024)
• Valmiki Street: Rs 2,200 per sq.ft (2024)
• Valluvar Cross Street: Rs 2,200 per sq.ft (2024)
• Vanchinathan Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Vanchinathan Street (Vivekanandha Nagar): Rs 2,700 per sq.ft (2024)
• Varalakshmi Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Valluvar Street (Krishnamoorthy Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Valluvar Street (Krishnamoorthy Nagar)?

The Sub Registrar Office that covers Valluvar Street (Krishnamoorthy Nagar) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kodungaiyur

The guideline value plays a crucial role in property transactions in Kodungaiyur, as it is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware that the guideline value is the baseline for these calculations, ensuring transparency in the transaction process.

When registering a property, it is essential to consider the guideline value set by the local authorities, as it reflects the official valuation of the property. This helps in maintaining a standard procedure for property transactions within the region.

Frequently asked questions

What is the current guideline value of Valluvar Street (Krishnamoorthy Nagar)?

The current guideline value of Valluvar Street (Krishnamoorthy Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How often is the guideline value revised?

The guideline value is revised periodically, with the most recent revision for Valluvar Street occurring in 2024. Previous revisions occurred in the years 2002, 2003, 2007, 2012, 2017, and 2023, but there are no figures available for those years.

What is the classification of Valluvar Street (Krishnamoorthy Nagar)?

Valluvar Street (Krishnamoorthy Nagar) is classified as Residential Class I Type - I under the Madhavaram SRO.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as the official valuation for properties, ensuring that all transactions are conducted fairly and transparently.