Guideline Value for GE GEO CITY

Ge Geo City guideline value

The current guideline value of Ge Geo City, located in Kannivakkam village under the Thiruporur SRO, is Rs 605 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Ge Geo City has changed

The guideline value for Ge Geo City has seen several revisions over the years. The earliest recorded value was Rs 600 per sq.ft in 2012, which later decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and then to Rs 605 per sq.ft in 2024, marking a 1% increase from the previous year.

From 2012 to 2017, there was a notable decrease of 33%, while the value surged by 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by just 1%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kannivakkam

Kannivakkam village has 32 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 450 to Rs 2,389 per sq.ft, with a median value of Rs 1,050 per sq.ft. The guideline value for Ge Geo City is below this median.

• Ge Green Land: Rs 800 per sq.ft (2024)
• Ge Avenue: Rs 800 per sq.ft (2024)
• Ge Mahathi Avenue II: Rs 800 per sq.ft (2024)
• Ge Swarnaboomi & Ge Swargaboomi: Rs 800 per sq.ft (2024)
• Ezhil Nagar: Rs 800 per sq.ft (2024)
• Dvr Sarathi Nagar Phase I: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ge Geo City

For a 1,000 sq.ft plot at the current guideline value of Rs 605 per sq.ft, the total guideline value would be Rs 6,05,000. The stamp duty at 7% would amount to Rs 42,350, and the registration fee at 2% would be Rs 12,100, leading to a total cost of Rs 54,450. 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 Ge Geo City?

The Sub Registrar Office that covers Ge Geo City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Kannivakkam. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions as per the official register. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Ge Geo City?

The current guideline value of Ge Geo City is Rs 605 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 605 per sq.ft in 2024.

What is the land classification for Ge Geo City?

The land classification for Ge Geo City is Mixed Type - I.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ge Geo City?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 6,05,000, the stamp duty would be Rs 42,350 at a rate of 7%.