Guideline Value

Corporate

Guideline Value for GEENIS ROAD

₹8800/sq.ft.

The guideline value for Geenis Road in Saidapet village (Chennai South Joint Ii SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saidapet

Village

Chennai South Joint II

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1369 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1094 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Geenis Road

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Geenis Road guideline value

The current guideline value of Geenis Road in Saidapet village is Rs 8,800 per sq.ft, effective from the 2024 revision. This area falls under the Chennai South Joint II SRO and is classified as Commercial Class I Type - I.

How the guideline value of Geenis Road has changed

The guideline value for Geenis Road has seen significant changes over the years. Starting from the 2002 revision, the figure was Rs 1,094 per sq.ft. This increased to Rs 1,369 per sq.ft in 2003, marking a 25% rise. The value then continued to rise, reaching Rs 2,500 per sq.ft in 2007, which was a substantial increase of 83%. The 2012 revision saw a decline to Rs 8,000 per sq.ft, reflecting a decrease of 33% from the previous figure.

In subsequent years, the guideline value rose again, reaching Rs 5,360 per sq.ft in 2017, an increase of 49% from the 2012 figure. The 2023 revision set the value at Rs 8,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 8,800 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 704%.

Guideline values in Saidapet

Saidapet village has a total of 106 streets under the Chennai South Joint II SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Geenis Road's current value above this median.

Stamp duty and registration fee for property in Geenis Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Geenis Road?

The Sub Registrar Office that covers Geenis Road is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Saidapet. It serves as the basis for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the higher amount between the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the registration process is compliant with the regulations set forth by the local authorities.

Frequently asked questions

What is the current guideline value of Geenis Road?

The current guideline value of Geenis Road is Rs 8,800 per sq.ft, effective from the 2024 revision.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an overall increase of 704% from Rs 1,094 in 2002 to Rs 8,800 in 2024.

What are the stamp duty rates for property in Geenis Road?

The stamp duty rate for property in Geenis Road is 7%, calculated on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Geenis Road located?

The Sub Registrar Office for Geenis Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the median guideline value in Saidapet?

The median guideline value for streets in Saidapet under the Chennai South Joint II SRO is Rs 4,400 per sq.ft, with Geenis Road's value being above this median.