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Guideline Value

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Guideline Value for G.K.M. Colony 31th Street Ma.Po.Sivagnanam. Street

₹5500/sq.ft.

The guideline value for G.k.m. Colony 31th Street Ma.po.sivagnanam. 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 ₹506 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹467 /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 31th Street Ma.po.sivagnanam. Street

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G.K.M. Colony 31th Street Ma.Po.Sivagnanam. Street guideline value

The current guideline value of G.K.M. Colony 31th Street Ma.Po.Sivagnanam. 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 31th Street Ma.Po.Sivagnanam. Street has changed

The guideline value of G.K.M. Colony 31th Street Ma.Po.Sivagnanam. Street has undergone several revisions over the years. In 2002, the guideline value was Rs 467 per sq.ft, which increased to Rs 506 per sq.ft in 2003. The value saw a significant rise to Rs 1,000 per sq.ft in 2007, and then it increased dramatically to Rs 5,000 per sq.ft in 2012. However, it decreased to Rs 3,350 per sq.ft in 2017. The value then rose to Rs 5,000 per sq.ft in 2023 and is now Rs 5,500 per sq.ft as of the 2024 revision.

In terms of percentage changes, from 2002 to 2003, the increase was +8%. The guideline value rose by +98% from 2003 to 2007, followed by a +400% increase from 2007 to 2012. The value then decreased by -33% from 2012 to 2017. After that, it increased by +49% from 2017 to 2023, and finally, there was a +10% rise from 2023 to 2024. Overall, the guideline value has increased by +1078% from 2002 to 2024.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 3,800 per sq.ft, placing G.K.M. Colony 31th Street Ma.Po.Sivagnanam. Street above that median at Rs 5,500 per sq.ft.

Stamp duty and registration fee for property in G.K.M. Colony 31th Street Ma.Po.Sivagnanam. 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 be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. It is important to note that the 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 31th Street Ma.Po.Sivagnanam. Street?

The G.K.M. Colony 31th Street Ma.Po.Sivagnanam. Street is covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Konnur. It serves as a benchmark for determining the registration fees and stamp duty that must be paid during the transaction process. Buyers and sellers should be aware that the guideline value directly influences the overall cost of the transaction.

When a property is registered, the authorities will refer to the guideline value to assess the applicable duties. This ensures that the transaction is conducted in accordance with the legal framework, and both parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 31th Street Ma.Po.Sivagnanam. Street?

The current guideline value of G.K.M. Colony 31th Street Ma.Po.Sivagnanam. Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 467 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of +1078%.

What is the land classification for G.K.M. Colony 31th Street Ma.Po.Sivagnanam. Street?

The land classification for G.K.M. Colony 31th Street Ma.Po.Sivagnanam. Street is Residential Class I Type - I.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for property transactions?

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