Guideline Value

Corporate

Guideline Value for Gengaiamman Nagar

₹3800/sq.ft.

The guideline value for Gengaiamman Nagar in Mugappair village (Konnur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mugappair

Village

Konnur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
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 Gengaiamman Nagar

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Gengaiamman Nagar guideline value

The current guideline value for Gengaiamman Nagar is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is located in Mugappair village and falls under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Gengaiamman Nagar has changed

Over the years, the guideline value of Gengaiamman Nagar has seen several revisions. The 2012 revision set the value at Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,500 per sq.ft in the 2023 revision and further to Rs 3,800 per sq.ft in the 2024 revision, marking a 9% increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 9%.

The changes between the revisions indicate a 49% increase from the 2017 revision to the 2023 revision. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO, with guideline values ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Gengaiamman Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Gengaiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total cost to Rs 3,42,000. It is important to note that 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 details.

Which Sub Registrar Office covers Gengaiamman Nagar?

The Sub Registrar Office covering Gengaiamman Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mugappair. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs reflect the official valuation of the property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties. This process helps maintain transparency and uniformity in property transactions.

Frequently asked questions

What is the current guideline value of Gengaiamman Nagar?

The current guideline value of Gengaiamman Nagar is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,800 per sq.ft in 2024.

What is the land classification for Gengaiamman Nagar?

Gengaiamman Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in Gengaiamman Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 3,42,000 in fees.

Which office handles property registrations for Gengaiamman Nagar?

The Konnur Sub Registrar Office handles property registrations for Gengaiamman Nagar, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.