Guideline Value for Vanchinathan Street (Krishnamoorthy Nagar)

Vanchinathan Street (Krishnamoorthy Nagar) guideline value

The current guideline value of Vanchinathan 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, classified as Residential Class I Type - I.

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

The guideline value register has no figures for Vanchinathan Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which is set at Rs 2,700 per sq.ft.

In 2024, the guideline value was revised to Rs 2,700 per sq.ft, which is equal to the median guideline value of Rs 2,700 per sq.ft for 1318 streets in Kodungaiyur under the Madhavaram SRO. There have been no changes between the revisions above.

Guideline values in Kodungaiyur

Kodungaiyur has a variety of guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. Vanchinathan Street (Krishnamoorthy Nagar) aligns with this median value.

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

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

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for accurate calculations.

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

The Sub Registrar Office that covers Vanchinathan 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kodungaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is assessed to calculate the applicable duties and fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value and the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available revision is from 2024, which is Rs 2,700 per sq.ft.

What are the guideline values of other streets in Kodungaiyur?

Other streets in Kodungaiyur have varying guideline values, with rates ranging from Rs 1,900 to Rs 4,000 per sq.ft. Vanchinathan Street (Krishnamoorthy Nagar) shares its guideline value with several other streets at Rs 2,700 per sq.ft.

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

For a property valued at the guideline rate of Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vanchinathan Street (Krishnamoorthy Nagar)?

The Madhavaram Sub Registrar Office covers Vanchinathan Street (Krishnamoorthy Nagar) and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registrations for properties in this area.