Guideline Value

Corporate

Guideline Value for Godavari Street(ICF)

₹2400/sq.ft.

The guideline value for Godavari Street(icf) in 5. Athipattu village (Konnur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

5. Athipattu

Village

Konnur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /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 Godavari Street(icf)

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Godavari Street(ICF) guideline value

The current guideline value of Godavari Street(ICF) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class I Type - I.

How the guideline value of Godavari Street(ICF) has changed

The guideline value for Godavari Street(ICF) has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,400 per sq.ft, an increase from Rs 2,200 per sq.ft in 2023, marking a change of +9%. Prior to that, in 2017, the guideline value was Rs 1,474 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by +63%.

It is important to note that the register has no figures for Godavari Street(ICF) for the years 2002, 2003, 2007, and 2012. Therefore, the only available figures are from the revisions in 2017, 2023, and 2024.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO with a 2024 guideline value range from Rs 1,100 to Rs 7,650 per sq.ft. The median value for the area is Rs 2,200 per sq.ft, placing Godavari Street(ICF) above this median at Rs 2,400 per sq.ft.

Stamp duty and registration fee for property in Godavari Street(ICF)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, while the registration fee at 2% would be Rs 48,000, bringing the total fees together to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Godavari Street(ICF)?

The Sub Registrar Office covering Godavari Street(ICF) is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is an essential factor when buying or selling property in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring that the registration process aligns with the official valuation of the property.

When registering a property, it is crucial to consider the guideline value, as it may differ from the sale price. The higher of the two values will be used for calculating the applicable duties and fees, making it important for both parties to understand this aspect of the transaction.

Frequently asked questions

What is the current guideline value of Godavari Street(ICF)?

The current guideline value of Godavari Street(ICF) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,474 per sq.ft in 2017 to Rs 2,400 per sq.ft in 2024, marking an overall increase of +63%. The value increased by +49% from 2017 to 2023 and by +9% from 2023 to 2024.

What are the guideline values for other streets in 5. Athipattu?

Other streets in 5. Athipattu have varying guideline values, ranging from Rs 1,100 to Rs 7,650 per sq.ft. For example, Gangai Street(ICF) and I.C.F. Employees Colony both have a guideline value of Rs 2,400 per sq.ft in 2024.

What is the stamp duty rate for properties in Godavari Street(ICF)?

The stamp duty rate for properties in Godavari Street(ICF) is 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. This office handles the registration processes for properties in the area.