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Guideline Value

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Guideline Value for Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street

₹3800/sq.ft.

The guideline value for Akbar Nagar 1 To 4 Street- Akbar Square 1 To 4 Street in Konnur village (Konnur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Konnur

Village

Konnur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /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 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)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Akbar Nagar 1 To 4 Street- Akbar Square 1 To 4 Street

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Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street guideline value

The current guideline value for Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Konnur village and falls under the Konnur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street has changed

The guideline value for Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in 2017. The value then increased significantly to Rs 3,500 per sq.ft in 2023, and finally rose to Rs 3,800 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The change from 2023 to 2024 reflects a 9% increase, bringing the overall change from 2012 to 2024 to a modest 9% increase.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value among these streets is Rs 3,800 per sq.ft, which is the same as the guideline value for Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street.

Stamp duty and registration fee for property in Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value comes to Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street?

The Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street is covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Konnur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the Registration Department and is regularly updated to reflect changes in the market.

When selling property, the guideline value serves as a reference point for both buyers and sellers. It helps ensure that the transaction is recorded accurately and that the appropriate fees are calculated based on the established guideline value.

Frequently asked questions

What is the current guideline value of Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street?

The current guideline value for Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,800 per sq.ft in 2024, reflecting a 9% increase. The value also saw a significant rise from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023, a 49% increase.

What is the land classification for Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street?

The land classification for Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street is Residential Class II Type - I.

Where can I find the registration office for Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street?

The registration office for this street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in Konnur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, if the guideline value is Rs 38,00,000 for a 1,000 sq.ft plot, the stamp duty at 7% would be Rs 2,66,000.