Guideline Value for GST ROAD POTHERI (WARD-20)

Gst Road Potheri (Ward-20) guideline value

The current guideline value for Gst Road Potheri (Ward-20) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Konathi village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Gst Road Potheri (Ward-20) has changed

Over the years, the guideline value for Gst Road Potheri has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. However, the subsequent 2023 revision increased it back to Rs 2,000 per sq.ft. The most recent revision in 2024 has further raised the value to Rs 2,200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. The value decreased by 33% from 2012 to 2017, but overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Gst Road Potheri's 2024 figure above this median.

• G.S.T Road Thailavaram (Ward-21): Rs 2,200 per sq.ft (2024)
• G.S.T. Road Chamundeeswari (Ward-21): Rs 2,200 per sq.ft (2024)
• G.S.T.Road (Ward -1): Rs 2,200 per sq.ft (2024)
• Gurusamy Street (Ward-21): Rs 660 per sq.ft (2024)
• Handicaped Street (Ward-21): Rs 660 per sq.ft (2024)
• Gopula Krishna Nagar (Tai): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Gst Road Potheri (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Gst Road Potheri (Ward-20)?

The Gst Road Potheri (Ward-20) falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Konathi. When a property is sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation rather than the negotiated sale price.

Buyers and sellers should be aware that the guideline value can vary significantly between different streets and areas, which can impact the overall costs associated with property transactions. Therefore, understanding the current guideline value is essential for making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Gst Road Potheri (Ward-20)?

The current guideline value for Gst Road Potheri (Ward-20) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Gst Road Potheri (Ward-20)?

Gst Road Potheri (Ward-20) is classified as Residential Special Type - I, indicating its suitability for residential developments.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Gst Road Potheri (Ward-20)?

The Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, handles registrations for Gst Road Potheri (Ward-20).