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Guideline Value for G.K.M. Colony 26th Street Kennadi Street

₹5500/sq.ft.

The guideline value for G.k.m. Colony 26th Street Kennadi 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 ₹433 /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 26th Street Kennadi Street

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G.K.M. Colony 26th Street Kennadi Street guideline value

The current guideline value for G.K.M. Colony 26th Street Kennadi Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This property 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 26th Street Kennadi Street has changed

The guideline value for G.K.M. Colony 26th Street Kennadi Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 399 per sq.ft. This increased to Rs 433 per sq.ft in 2003, marking a 9% change. The value saw a significant rise to Rs 1,000 per sq.ft in 2007, which is a 131% increase. The 2012 revision recorded a guideline value of Rs 5,000 per sq.ft, reflecting a substantial 400% increase from the previous revision. However, the 2017 revision saw a decrease to Rs 3,350 per sq.ft, a drop of 33%. The value then rose again to Rs 5,000 per sq.ft in 2023, before reaching the current figure of Rs 5,500 per sq.ft in 2024, which is a 10% increase.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 1278%. The register has no figures for the years not listed in the 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 26th Street Kennadi Street is above this median.

Stamp duty and registration fee for property in G.K.M. Colony 26th Street Kennadi Street

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.K.M. Colony 26th Street Kennadi Street?

The Sub Registrar Office that covers G.K.M. Colony 26th Street Kennadi Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, 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 a crucial 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 that need to be paid during the transaction.

When a property is registered, the guideline value or the sale price is considered, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and complies with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 26th Street Kennadi Street?

The current guideline value of G.K.M. Colony 26th Street Kennadi 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 seen significant changes from Rs 399 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 1278%.

What is the land classification for this street?

G.K.M. Colony 26th Street Kennadi Street is classified as Residential Class I Type - I.

Where can I find the registration office for this area?

The registration office for G.K.M. Colony 26th Street Kennadi Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Konnur?

Stamp duty is calculated based on the higher of the guideline value or the sale price during the registration of a property. For example, for a property valued at Rs 55,00,000, the stamp duty at 7% would be Rs 3,85,000.