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Guideline Value

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Guideline Value for East RailwayGate Salai - I (Railway Gate to Muslim Burial Ground)

₹6000/sq.ft.

The guideline value for East Railwaygate Salai - I (railway Gate To Muslim Burial Ground) in Konnur village (Konnur SRO, Chennai zone) is Rs 6000 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Konnur

Village

Konnur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹6000 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /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 East Railwaygate Salai - I (railway Gate To Muslim Burial Ground)

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East RailwayGate Salai - I (Railway Gate to Muslim Burial Ground) guideline value

The current guideline value of East RailwayGate Salai - I (Railway Gate to Muslim Burial Ground) is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Konnur village and falls under the Konnur SRO, classified as Residential Special Type - I.

How the guideline value of East RailwayGate Salai - I (Railway Gate to Muslim Burial Ground) has changed

Over the years, the guideline value for East RailwayGate Salai - I has seen several revisions. The 2012 revision set the value at Rs 5,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 3,685 per sq.ft. The value remained at Rs 5,500 per sq.ft in the 2023 revision, before rising to Rs 6,000 per sq.ft in the 2024 revision, reflecting a 9% increase.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the 2012 revision to the current 2024 guideline value, there has been a 9% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Konnur

In Konnur village, there are 249 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft, with a median value of Rs 3,800 per sq.ft. The guideline value for East RailwayGate Salai - I is above this median.

Stamp duty and registration fee for property in East RailwayGate Salai - I (Railway Gate to Muslim Burial Ground)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total cost for these fees to Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers East RailwayGate Salai - I (Railway Gate to Muslim Burial Ground)?

The Sub Registrar Office that covers East RailwayGate Salai - I is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Konnur. It determines the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated accordingly.

When buying or selling property, the guideline value helps in assessing the financial obligations related to registration. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of East RailwayGate Salai - I?

The current guideline value of East RailwayGate Salai - I (Railway Gate to Muslim Burial Ground) is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 5,500 per sq.ft to Rs 6,000 per sq.ft in 2024. The most notable change was a 49% increase from Rs 3,685 per sq.ft in 2017 to Rs 5,500 per sq.ft in 2023.

What is the land classification of East RailwayGate Salai - I?

East RailwayGate Salai - I is classified as Residential Special Type - I. This classification is important for understanding the permitted uses of the property.

What are the stamp duty rates for properties in Konnur?

The stamp duty rate for properties in Konnur is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find more details by visiting the provided link.