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Guideline Value

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Guideline Value for ICF Road (M.T.H to East Seeyalam)

₹3800/sq.ft.

The guideline value for Icf Road (m.t.h To East Seeyalam) 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 (m.t.h To East Seeyalam)

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ICF Road (M.T.H to East Seeyalam) guideline value

The current guideline value of ICF Road (M.T.H to East Seeyalam) is Rs 3,800 per sq.ft, effective from 1 July 2024. This road is located in Malligaicherry village and falls under the Konnur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of ICF Road (M.T.H to East Seeyalam) has changed

The guideline value for ICF Road has undergone several revisions over the years. In 2012, the value was set at Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in 2017. Following this, the value saw a significant increase, rising to Rs 3,500 per sq.ft in 2023, and further to Rs 3,800 per sq.ft in 2024, marking a 9% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Between the revisions, the most notable change occurred from 2017 to 2023, with a substantial increase of 49%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Malligaicherry

Malligaicherry village has a total of 49 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing ICF Road (M.T.H to East Seeyalam) above this median.

Stamp duty and registration fee for property in ICF Road (M.T.H to East Seeyalam)

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 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 or the sale price.

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

Which Sub Registrar Office covers ICF Road (M.T.H to East Seeyalam)?

The Sub Registrar Office that covers ICF Road (M.T.H to East Seeyalam) is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For further information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Malligaicherry. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that both the buyer and seller are aware of the costs involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of ICF Road (M.T.H to East Seeyalam)?

The current guideline value of ICF Road (M.T.H to East Seeyalam) 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 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 ICF Road (M.T.H to East Seeyalam)?

The land classification for ICF Road (M.T.H to East Seeyalam) is Residential Special Type - I.

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.

How is the stamp duty calculated for properties in ICF Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 3,800 per sq.ft would incur a stamp duty of Rs 2,66,000.