Guideline Value for G.K.M. Colony 37th Punitha Anthoniyar Street

G.K.M. Colony 37th Punitha Anthoniyar Street guideline value

The current guideline value of G.K.M. Colony 37th Punitha Anthoniyar Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Konnur village and falls under the Konnur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of G.K.M. Colony 37th Punitha Anthoniyar Street has changed

The guideline value for G.K.M. Colony 37th Punitha Anthoniyar Street has seen 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 change of +9%. The value continued to rise significantly, reaching Rs 800 per sq.ft in 2007, which was an increase of +85%. By 2012, the value had further increased to Rs 5,000 per sq.ft, resulting in a substantial rise of +525% from the previous revision.

From 2012 to 2017, the guideline value saw a decrease to Rs 3,350 per sq.ft, which was a drop of -33%. However, this trend reversed, and by 2023, the value increased again to Rs 5,000 per sq.ft, reflecting a change of +49%. The most recent revision in 2024 set the guideline value at Rs 5,500 per sq.ft, which is an increase of +10% from the previous year.

Guideline values in Konnur

Konnur village has a range of guideline values across its 249 streets under the Konnur SRO, with values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value in Konnur is Rs 3,800 per sq.ft, indicating that G.K.M. Colony 37th Punitha Anthoniyar Street's 2024 figure is above this median.

• G.K.M. Colony 37th Jambulingam Street: Rs 5,500 per sq.ft (2024)
• G.K.M. Colony 36th Street Jayprakash Street: Rs 5,500 per sq.ft (2024)
• G.K.M. Colony 38th Street Dr. Ambethkar Street: Rs 5,500 per sq.ft (2024)
• G.K.M. Colony 35th Street Asath Street: Rs 5,500 per sq.ft (2024)
• G.K.M. Colony 39th Street Kakkanji Street: Rs 5,500 per sq.ft (2024)
• G.K.M. Colony 34th Street Vinobaji Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in G.K.M. Colony 37th Punitha Anthoniyar 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 to Rs 4,95,000. 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 information.

Which Sub Registrar Office covers G.K.M. Colony 37th Punitha Anthoniyar Street?

The Sub Registrar Office that covers G.K.M. Colony 37th Punitha Anthoniyar 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 details.

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

The guideline value is a crucial factor when registering a property in Konnur, as it determines the amount of stamp duty and registration fees that need to be paid. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable fees. It is essential to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 37th Punitha Anthoniyar Street?

The current guideline value of G.K.M. Colony 37th Punitha Anthoniyar 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 from Rs 399 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, showing an overall increase of +1278% over the years.

What is the stamp duty for property in G.K.M. Colony 37th Punitha Anthoniyar Street?

The stamp duty for property in G.K.M. Colony 37th Punitha Anthoniyar Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

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

What is the land classification of G.K.M. Colony 37th Punitha Anthoniyar Street?

The land classification for G.K.M. Colony 37th Punitha Anthoniyar Street is Residential Class I Type - I.