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Guideline Value

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Guideline Value for ICF Road (East Seeyalam to Railway Line)

₹3800/sq.ft.

The guideline value for Icf Road (east Seeyalam To Railway Line) in Malligaicherry 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 Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Malligaicherry

Village

Konnur

SRO

Residential Special 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 Icf Road (east Seeyalam To Railway Line)

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ICF Road (East Seeyalam to Railway Line) guideline value

The current guideline value of ICF Road (East Seeyalam to Railway Line) is Rs 3,800 per sq.ft, effective from 1 July 2024. This road is located in Malligaicherry village under the Konnur SRO, classified as Residential Special Type - I.

How the guideline value of ICF Road (East Seeyalam to Railway Line) has changed

Looking at the revisions of the guideline value, the earliest available figure is from 2012, which was Rs 3,500 per sq.ft. In 2017, it decreased to Rs 2,345 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 3,500 per sq.ft in 2023, and further rose to Rs 3,800 per sq.ft in 2024, representing a 9% increase from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value increased by 9%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Malligaicherry

In Malligaicherry, there are 49 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for ICF Road (East Seeyalam to Railway Line) is above this median.

Stamp duty and registration fee for property in ICF Road (East Seeyalam to Railway Line)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total cost for these fees to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers ICF Road (East Seeyalam to Railway Line)?

The Sub Registrar Office that covers ICF Road (East Seeyalam to Railway Line) 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 Malligaicherry

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

During the registration process, the buyer must ensure that the property is valued at or above the guideline value to comply with legal requirements. This ensures transparency and helps in maintaining a standard for property transactions in Malligaicherry.

Frequently asked questions

What is the current guideline value of ICF Road (East Seeyalam to Railway Line)?

The current guideline value of ICF Road (East Seeyalam to Railway Line) 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 are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 3,800 per sq.ft, the total guideline value for a 1,000 sq.ft plot would be Rs 38,00,000. The stamp duty would be Rs 2,66,000, and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which office handles registrations for ICF Road (East Seeyalam to Railway Line)?

The Konnur Sub Registrar Office handles registrations for ICF Road (East Seeyalam to Railway Line), located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for ICF Road (East Seeyalam to Railway Line)?

The land classification for ICF Road (East Seeyalam to Railway Line) is Residential Special Type - I, indicating its suitability for residential development.