Guideline Value for G.K.M.Colony 43th Street Thillaiyadi Valliammai Street

G.K.M.Colony 43th Street Thillaiyadi Valliammai Street guideline value

The current guideline value of G.K.M.Colony 43th Street Thillaiyadi Valliammai Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This property is located in Konnur village, under the Konnur SRO, and is classified as Residential Special Type - I.

How the guideline value of G.K.M.Colony 43th Street Thillaiyadi Valliammai Street has changed

The guideline value for G.K.M.Colony 43th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, it then decreased to Rs 3,685 per sq.ft in 2017. Following this, the value rose to Rs 5,500 per sq.ft in 2023, and is now set at Rs 6,000 per sq.ft from July 2024. The register has no figures for the years 2002 and 2003.

Between these revisions, there were notable changes. From 2007 to 2012, the value increased by 588%, while from 2012 to 2017, it decreased by 33%. The value then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 9% increase. Overall, from 2007 to 2024, there has been a substantial increase of 650% in the guideline value.

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 43th Street is above this median, indicating a higher valuation compared to many other streets in the area.

• G.K.M. Colony 44th Street: Rs 5,500 per sq.ft (2024)
• G.K.M. Colony 42nd Street Jagageevan Ram 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 40th Street Akbar Squar 1 to 4 th st: 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 38th Street Dr. Ambethkar Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in G.K.M.Colony 43th Street Thillaiyadi Valliammai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total to Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.K.M.Colony 43th Street Thillaiyadi Valliammai Street?

The G.K.M.Colony 43th Street Thillaiyadi Valliammai Street is covered by the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process for property transactions in Konnur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is necessary for legal and taxation purposes. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of G.K.M.Colony 43th Street Thillaiyadi Valliammai Street?

The current guideline value of G.K.M.Colony 43th Street Thillaiyadi Valliammai Street is Rs 6,000 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 800 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 650% over this period.

What are the other streets in Konnur and their guideline values?

Other streets in Konnur include G.K.M. Colony 44th Street, G.K.M. Colony 42nd Street Jagageevan Ram Street, G.K.M. Colony 41st Street Sir. C.V. Raman Street, G.K.M. Colony 40th Street Akbar Squar 1 to 4 th st, G.K.M. Colony 39th Street Kakkanji Street, and G.K.M. Colony 38th Street Dr. Ambethkar Street, all valued at Rs 5,500 per sq.ft in 2024.

What is the registration fee for property in G.K.M.Colony 43th Street?

The registration fee for a property in G.K.M.Colony 43th Street is calculated at 2% of the guideline value, along with a stamp duty of 7% on the higher of the guideline value or the sale price.

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. You can also find your SRO online.