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Guideline Value

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Guideline Value for G.K.M. Colony 25th Street Sathyavani Muthu Street

₹5500/sq.ft.

The guideline value for G.k.m. Colony 25th Street Sathyavani Muthu Street in Konnur village (Konnur SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Konnur

Village

Konnur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹462 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹399 /sq.ft.
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 G.k.m. Colony 25th Street Sathyavani Muthu Street

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G.K.M. Colony 25th Street Sathyavani Muthu Street guideline value

The current guideline value for G.K.M. Colony 25th Street Sathyavani Muthu Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Konnur village, under the Konnur SRO, and is classified as Residential Class I Type - I.

How the guideline value of G.K.M. Colony 25th Street Sathyavani Muthu Street has changed

The guideline value for G.K.M. Colony 25th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 399 per sq.ft, which increased to Rs 462 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2007, and then to Rs 5,000 per sq.ft in 2012. However, it decreased to Rs 3,350 per sq.ft in 2017. The value then increased to Rs 5,000 per sq.ft in 2023 and has now reached Rs 5,500 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1278%. The changes between the revisions highlight fluctuations, with the most notable increase being 400% from 2007 to 2012. There are no figures available for any other revisions for this street.

Guideline values in Konnur

In Konnur, 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 G.K.M. Colony 25th Street is above this median.

Stamp duty and registration fee for property in G.K.M. Colony 25th Street Sathyavani Muthu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers G.K.M. Colony 25th Street Sathyavani Muthu Street?

The G.K.M. Colony 25th Street Sathyavani Muthu Street is covered by the Konnur Sub Registrar Office located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

For further details, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Konnur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for G.K.M. Colony 25th Street Sathyavani Muthu Street?

The current guideline value for G.K.M. Colony 25th Street Sathyavani Muthu Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 399 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 1278% over this period.

What are the other streets in Konnur with the same guideline value?

Other streets in Konnur, such as G.K.M. Colony 26th Street Kennadi Street, G.K.M. Colony 27th Street Punitha Sahayamatha Stre, and several others, also have a guideline value of Rs 5,500 per sq.ft for 2024.

Where can I find the Sub Registrar Office for G.K.M. Colony 25th Street?

The Sub Registrar Office covering G.K.M. Colony 25th Street is located at 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 higher of the guideline value or the sale price of the property. For example, at a guideline value of Rs 55,00,000, the stamp duty would be Rs 3,85,000 at 7%.