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Guideline Value

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Guideline Value for G.K.M. Colony 40th Street Akbar Squar 1 to 4 th st

₹5500/sq.ft.

The guideline value for G.k.m. Colony 40th Street Akbar Squar 1 To 4 Th St 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 N/A
From 1-4-2002 To 31-3-2003 N/A
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 40th Street Akbar Squar 1 To 4 Th St

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G.K.M. Colony 40th Street Akbar Squar 1 to 4 th st guideline value

The current guideline value for G.K.M. Colony 40th Street Akbar Squar 1 to 4 th st 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, classified as Residential Class I Type - I.

How the guideline value of G.K.M. Colony 40th Street Akbar Squar 1 to 4 th st has changed

The guideline value for G.K.M. Colony 40th Street Akbar Squar 1 to 4 th st has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 800 per sq.ft. It then increased significantly to Rs 5,000 per sq.ft in 2012, marking a rise of 525%. However, between 2012 and 2017, the value decreased to Rs 3,350 per sq.ft, a decline of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, reflecting a 49% increase. Finally, the current guideline value is Rs 5,500 per sq.ft as of the 2024 revision, which is a 10% increase from the previous year.

The register has no figure for the years 2002 and 2003 for this street.

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 40th Street Akbar Squar 1 to 4 th st is above this median.

Stamp duty and registration fee for property in G.K.M. Colony 40th Street Akbar Squar 1 to 4 th st

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 to Rs 4,95,000. Please 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 40th Street Akbar Squar 1 to 4 th st?

The G.K.M. Colony 40th Street Akbar Squar 1 to 4 th st is covered by 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 information.

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

The guideline value is an important factor when registering property transactions in Konnur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When you buy or sell property, the guideline value will be compared to the sale price, and the higher amount will be used to calculate the applicable duties. This ensures that the registration process is transparent and that all parties are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value for G.K.M. Colony 40th Street Akbar Squar 1 to 4 th st?

The current guideline value for G.K.M. Colony 40th Street Akbar Squar 1 to 4 th st 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 several times, starting from Rs 800 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting a total increase of 588% over the years.

What is the land classification for G.K.M. Colony 40th Street Akbar Squar 1 to 4 th st?

The land classification for G.K.M. Colony 40th Street Akbar Squar 1 to 4 th st is Residential Class I Type - I.

Where can I find the Konnur Sub Registrar Office?

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

How is the stamp duty calculated for properties in Konnur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate of stamp duty is 7%, and the registration fee is 2% of the guideline value or sale price.