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Guideline Value for G.K.M. Colony 36th Street Jayprakash Street

₹5500/sq.ft.

The guideline value for G.k.m. Colony 36th Street Jayprakash 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 36th Street Jayprakash Street

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G.K.M. Colony 36th Street Jayprakash Street guideline value

The current guideline value for G.K.M. Colony 36th Street Jayprakash 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 36th Street Jayprakash Street has changed

The guideline value for G.K.M. Colony 36th Street Jayprakash Street has experienced several revisions over the years. Starting from Rs 399 per sq.ft in 2002, it increased to Rs 433 per sq.ft in 2003, marking a 9% rise. The value then saw a significant increase to Rs 800 per sq.ft in 2007, which represented an 85% change. In 2012, the value adjusted to Rs 5,000 per sq.ft, reflecting a decrease of 33% from the previous figure. The guideline value further changed to Rs 3,350 per sq.ft in 2017, showing a 49% increase from 2012.

In 2023, the value was set at Rs 5,000 per sq.ft, before reaching the current rate of Rs 5,500 per sq.ft in 2024, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 1,278%.

Guideline values in Konnur

In Konnur, 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 guideline value for these streets is Rs 3,800 per sq.ft, placing G.K.M. Colony 36th Street Jayprakash Street above this median.

Stamp duty and registration fee for property in G.K.M. Colony 36th Street Jayprakash 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, leading to a total of 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.K.M. Colony 36th Street Jayprakash Street?

The G.K.M. Colony 36th Street Jayprakash Street falls under 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 when registering property in Konnur. It serves as the basis for calculating stamp duty and registration fees, which are essential costs involved in the property transaction process.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for G.K.M. Colony 36th Street Jayprakash Street?

The current guideline value for G.K.M. Colony 36th Street Jayprakash 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, marking an overall increase of 1,278% over the years.

What is the median guideline value for streets in Konnur?

The median guideline value for streets in Konnur is Rs 3,800 per sq.ft, with G.K.M. Colony 36th Street Jayprakash Street being above this median.

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7%, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total costs would amount to Rs 4,95,000.

Which office handles the registration for G.K.M. Colony 36th Street Jayprakash Street?

The Konnur Sub Registrar Office is responsible for handling registrations for G.K.M. Colony 36th Street Jayprakash Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.