Guideline Value for G.K.M. Colony 39th Street Kakkanji Street

G.K.M. Colony 39th Street Kakkanji Street guideline value

The current guideline value of G.K.M. Colony 39th Street Kakkanji Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This property 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 39th Street Kakkanji Street has changed

The guideline value for G.K.M. Colony 39th Street Kakkanji Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 399 per sq.ft. This figure increased to Rs 433 per sq.ft in 2003, marking a change of +9%. The next significant increase occurred in 2007, when the value rose to Rs 800 per sq.ft, reflecting an increase of +85%. In 2012, the value was revised to Rs 5,000 per sq.ft, which was a substantial increase of +525% from the previous figure. However, this was followed by a decrease to Rs 3,350 per sq.ft in 2017, resulting in a decline of -33%.

In 2023, the guideline value was revised to Rs 5,000 per sq.ft, and it further increased to Rs 5,500 per sq.ft in 2024, showing a change of +10%. Overall, from 2002 to 2024, the guideline value has increased by +1278%.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft in 2024. The median guideline value in this area is Rs 3,800 per sq.ft, placing G.K.M. Colony 39th Street Kakkanji Street above this median.

• G.K.M. Colony 38th Street Dr. Ambethkar Street: Rs 5,500 per sq.ft (2024)
• G.K.M. Colony 40th Street Akbar Squar 1 to 4 th st: Rs 5,500 per sq.ft (2024)
• G.K.M. Colony 37th Punitha Anthoniyar Street: Rs 5,500 per sq.ft (2024)
• G.K.M. Colony 41st Street Sir. C.V. Raman Street: Rs 5,500 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in G.K.M. Colony 39th Street Kakkanji 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 amount to 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 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 detailed calculations.

Which Sub Registrar Office covers G.K.M. Colony 39th Street Kakkanji Street?

The G.K.M. Colony 39th Street Kakkanji Street falls under the Konnur Sub Registrar Office. The address is Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your specific 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 in the registration process for property transactions in Konnur. It serves as the basis for determining the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must consider this value to ensure compliance with local regulations.

When engaging in property transactions, it is essential to be aware that the guideline value is used to assess the fees, and it may differ from the actual sale price of the property. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 39th Street Kakkanji Street?

The current guideline value of G.K.M. Colony 39th Street Kakkanji 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, reflecting an overall increase of +1278% over the years.

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

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which office handles property registrations for this street?

The Konnur Sub Registrar Office handles property registrations for G.K.M. Colony 39th Street Kakkanji Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for G.K.M. Colony 39th Street Kakkanji Street?

The land classification for G.K.M. Colony 39th Street Kakkanji Street is Residential Class I Type - I.