Guideline Value for GE SWARNABOOMI & GE SWARGABOOMI

Ge Swarnaboomi & Ge Swargaboomi guideline value

The current guideline value for Ge Swarnaboomi & Ge Swargaboomi is Rs 800 per sq.ft. This property is located in Kannivakkam village, under the Thiruporur SRO, with a land classification of Commercial Class I Type - I.

How the guideline value of Ge Swarnaboomi & Ge Swargaboomi has changed

The guideline value for Ge Swarnaboomi & Ge Swargaboomi has undergone several revisions over the years. In 2012, the guideline value was set at Rs 800 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 536 per sq.ft. However, by the 2023 revision, the value increased to Rs 800 per sq.ft, and it has remained the same in the 2024 revision.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. The overall change from the 2012 revision to the 2024 revision is 0%, indicating that the value has stabilized at Rs 800 per sq.ft since 2012. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kannivakkam

Kannivakkam village has a total of 32 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,389 per sq.ft. The median guideline value for these streets is Rs 1,050 per sq.ft, making the value for Ge Swarnaboomi & Ge Swargaboomi below that median.

• Ge Mahathi Avenue II: Rs 800 per sq.ft (2024)
• Ge Green Land: Rs 800 per sq.ft (2024)
• Ge Geo City: Rs 605 per sq.ft (2024)
• Ge Avenue: 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 Swarnaboomi & Ge Swargaboomi

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value is Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ge Swarnaboomi & Ge Swargaboomi?

The Sub Registrar Office that covers Ge Swarnaboomi & Ge Swargaboomi is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kannivakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Ge Swarnaboomi & Ge Swargaboomi?

The current guideline value for Ge Swarnaboomi & Ge Swargaboomi is Rs 800 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft since 2012, with a decrease to Rs 536 per sq.ft in 2017, before returning to Rs 800 per sq.ft in 2023 and remaining the same in 2024.

What are the other streets with similar guideline values in Kannivakkam?

Other streets in Kannivakkam with similar guideline values include Ge Mahathi Avenue II, Ge Green Land, Ge Avenue, and Ezhil Nagar, all at Rs 800 per sq.ft in 2024.

What is the registration fee for properties in Ge Swarnaboomi & Ge Swargaboomi?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 8,00,000, the registration fee would be Rs 16,000 at 2%.

Where can I find the Sub Registrar Office for Ge Swarnaboomi & Ge Swargaboomi?

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