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Guideline Value for G.K.M. Colony 33rd Street Thiru. V.KA Street

₹5500/sq.ft.

The guideline value for G.k.m. Colony 33rd Street Thiru. V.ka 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 ₹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 33rd Street Thiru. V.ka Street

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G.K.M. Colony 33rd Street Thiru. V.KA Street guideline value

The current guideline value for G.K.M. Colony 33rd Street Thiru. V.KA Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This property 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 33rd Street Thiru. V.KA Street has changed

The guideline value for G.K.M. Colony 33rd Street has undergone several revisions over the years. In 2002, the guideline value was Rs 399 per sq.ft. This increased to Rs 433 per sq.ft in 2003, marking a 9% rise. The value then saw significant growth, reaching Rs 800 per sq.ft in 2007, which was an increase of 85% from the previous year. In 2012, the value adjusted to Rs 5,000 per sq.ft, reflecting a decrease of 33% from 2007.

From 2012 to 2017, the guideline value remained at Rs 5,000 per sq.ft, as there are no figures for this street during that period. However, in 2017, the value rose to Rs 3,350 per sq.ft, a 49% increase. The most recent revision in 2023 set the guideline value at Rs 5,000 per sq.ft, which increased to Rs 5,500 per sq.ft in 2024, a change of 10%.

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 33rd Street is above this median.

Stamp duty and registration fee for property in G.K.M. Colony 33rd Street Thiru. V.KA 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, charged at 7%, would be Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000. Together, the total cost for these fees would be Rs 4,95,000. Note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.K.M. Colony 33rd Street Thiru. V.KA Street?

The G.K.M. Colony 33rd Street Thiru. V.KA Street is covered by 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 in the registration process when buying or selling property in Konnur. It is used to determine the stamp duty and registration fees that must be paid to the government during the registration of the property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value for G.K.M. Colony 33rd Street Thiru. V.KA Street?

The current guideline value for G.K.M. Colony 33rd Street Thiru. V.KA 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 over the years, starting from Rs 399 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 1278%.

What is the land classification for G.K.M. Colony 33rd Street?

The land classification for G.K.M. Colony 33rd Street Thiru. V.KA Street is Residential Class I Type - I.

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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 55,00,000 would incur a stamp duty of Rs 3,85,000 and a registration fee of Rs 1,10,000.