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Guideline Value

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Guideline Value for G.K.M. Colony 32nd Street Jeevanantham Street

₹5500/sq.ft.

The guideline value for G.k.m. Colony 32nd Street Jeevanantham 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 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹477 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹440 /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 32nd Street Jeevanantham Street

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G.K.M. Colony 32nd Street Jeevanantham Street guideline value

The current guideline value for G.K.M. Colony 32nd Street Jeevanantham Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Konnur village under the Konnur SRO, classified as Residential Class I Type - I.

How the guideline value of G.K.M. Colony 32nd Street Jeevanantham Street has changed

The guideline value for G.K.M. Colony 32nd Street Jeevanantham Street has seen several revisions over the years. Starting from Rs 440 per sq.ft in 2002, the value increased to Rs 477 per sq.ft in 2003, marking an 8% rise. By 2007, the value surged to Rs 800 per sq.ft, reflecting a significant increase of 68%. The 2012 revision set the value at Rs 5,000 per sq.ft, which was a 525% increase from the previous figure.

In 2017, the guideline value dropped to Rs 3,350 per sq.ft, representing a decrease of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, and finally, the current revision in 2024 set it at Rs 5,500 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1150%.

Guideline values in Konnur

In Konnur village, there are 249 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, placing G.K.M. Colony 32nd Street Jeevanantham Street above this median.

Stamp duty and registration fee for property in G.K.M. Colony 32nd Street Jeevanantham Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total 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, bringing the total fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.K.M. Colony 32nd Street Jeevanantham Street?

The Sub Registrar Office that covers G.K.M. Colony 32nd Street Jeevanantham Street 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 a crucial factor in the registration of property transactions in Konnur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the fees, ensuring that both buyers and sellers are aware of the official value assigned to the property. This process helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value for G.K.M. Colony 32nd Street Jeevanantham Street?

The current guideline value for G.K.M. Colony 32nd Street Jeevanantham 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 440 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 1150% over this period.

What are the stamp duty and registration fees for property in G.K.M. Colony 32nd Street?

For a 1,000 sq.ft property, the total guideline value is Rs 55,00,000. The stamp duty is Rs 3,85,000, and the registration fee is Rs 1,10,000, totaling Rs 4,95,000.

Which office handles property registrations in Konnur?

The Konnur Sub Registrar Office handles property registrations in Konnur, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for G.K.M. Colony 32nd Street?

The land classification for G.K.M. Colony 32nd Street Jeevanantham Street is Residential Class I Type - I.