Guideline Value

Corporate

Guideline Value for GOVERNMENT FARM LOOP STREET

₹4400/sq.ft.

The guideline value for Government Farm Loop Street in Government Farm village (Chennai South Joint I SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Government Farm

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1239 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1097 /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
044-29510536
[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 Government Farm Loop Street

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Government Farm Loop Street guideline value

The current guideline value of Government Farm Loop Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Government Farm Village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Government Farm Loop Street has changed

The guideline value for Government Farm Loop Street has seen significant changes over the years. The earliest recorded value is from 2002, which was Rs 1,097 per sq.ft. This figure increased to Rs 1,239 per sq.ft in 2003, marking a rise of 13%. Following this, the value surged by 102% to reach Rs 2,500 per sq.ft in 2007. In 2012, the value adjusted to Rs 4,000 per sq.ft, reflecting a decrease of 33% from the previous revision. The value then increased to Rs 2,680 per sq.ft in 2017, which was a 49% rise. The most recent revision in 2023 set the value at Rs 4,000 per sq.ft, before it increased to the current rate of Rs 4,400 per sq.ft in 2024, a change of 10%.

Guideline values in Government farm

In Government Farm Village, there are 35 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,850 to Rs 15,400 per sq.ft. The median value for these streets is Rs 8,250 per sq.ft, placing Government Farm Loop Street's 2024 figure below that median.

Stamp duty and registration fee for property in Government Farm Loop Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Government Farm Loop Street?

The Sub Registrar Office that covers Government Farm Loop Street is the Chennai South Joint I 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 further assistance.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Government Farm Loop Street, the guideline value will be used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. The guideline value reflects the government's assessment of property values in the area and is updated periodically to reflect market conditions.

Frequently asked questions

What is the current guideline value of Government Farm Loop Street?

The current guideline value of Government Farm Loop Street is Rs 4,400 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 1,097 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 301% over the years.

What are the guideline values of other streets in Government Farm?

Other streets in Government Farm have varying guideline values, with rates ranging from Rs 3,850 to Rs 15,400 per sq.ft. The median value for these streets is Rs 8,250 per sq.ft.

How is stamp duty calculated for properties in Government Farm Loop Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 3,08,000.

Where can I find the Sub Registrar Office for Government Farm Loop Street?

The Sub Registrar Office for Government Farm Loop Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.