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Guideline Value

Corporate

Guideline Value for Geesan Ayanampakam Housing Colony

₹3100/sq.ft.

The guideline value for Geesan Ayanampakam Housing Colony in 44.ayanambakkam village (Konnur SRO, Chennai zone) is Rs 3100 per sq.ft, effective 1 July 2024. It was Rs 2900 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

44.ayanambakkam

Village

Konnur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3100 /sq.ft.
From 1-4-2023 ₹2900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1943 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Geesan Ayanampakam Housing Colony

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Geesan Ayanampakam Housing Colony guideline value

The current guideline value of Geesan Ayanampakam Housing Colony is Rs 3,100 per sq.ft, effective from 1 July 2024. This property is located in 44.Ayanambakkam village, under the Konnur SRO, and is classified as Residential Special Type - I.

How the guideline value of Geesan Ayanampakam Housing Colony has changed

The guideline value for Geesan Ayanampakam Housing Colony has seen several revisions over the years. The 2017 revision set the value at Rs 1,943 per sq.ft, which increased to Rs 2,900 per sq.ft in 2023. The most recent revision in 2024 raised the value further to Rs 3,100 per sq.ft, marking a 7% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2017 to 2024, the overall increase is 60%, reflecting significant changes in the property valuation over the years.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Geesan Ayanampakam Housing Colony is above this median.

Stamp duty and registration fee for property in Geesan Ayanampakam Housing Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, bringing the total fees together to Rs 2,79,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Geesan Ayanampakam Housing Colony?

The Geesan Ayanampakam Housing Colony falls under the jurisdiction of the Konnur Sub Registrar Office. The address is Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, in the Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor in property transactions in 44.Ayanambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate applicable stamp duty and registration fees, which are mandatory costs associated with property transactions. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Geesan Ayanampakam Housing Colony?

The current guideline value of Geesan Ayanampakam Housing Colony is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,943 per sq.ft in 2017 to Rs 2,900 per sq.ft in 2023, and then to Rs 3,100 per sq.ft in 2024. This represents a 60% increase from 2017 to 2024.

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

For a property valued at Rs 31,00,000, the stamp duty would be Rs 2,17,000 and the registration fee would be Rs 62,000, totaling Rs 2,79,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this property?

The Konnur Sub Registrar Office covers Geesan Ayanampakam Housing Colony, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Geesan Ayanampakam Housing Colony?

The land classification for Geesan Ayanampakam Housing Colony is Residential Special Type - I, indicating its suitability for residential development.