Guideline Value for Konnur High Road (Sayani to Railway Colony)

Konnur High Road (Sayani to Railway Colony) guideline value

The current guideline value of Konnur High Road (Sayani to Railway Colony) is Rs 9,900 per sq.ft, effective from 1 July 2024. This area is located in Ayanavaram village and falls under the AnnaNagar SRO, classified as Residential Special Type - V.

How the guideline value of Konnur High Road (Sayani to Railway Colony) has changed

The guideline value for Konnur High Road (Sayani to Railway Colony) has seen significant changes over the years. In 2007, the value was Rs 2,500 per sq.ft, which increased to Rs 9,000 per sq.ft in 2012. However, it then decreased to Rs 6,030 per sq.ft in 2017. The value rose again to Rs 9,000 per sq.ft in 2023 and is currently set at Rs 9,900 per sq.ft from the 2024 revision.

Between the revisions, the most notable changes include a 10% increase from 2023 to 2024 and a substantial 49% rise from 2017 to 2023. The value increased by 260% from 2007 to 2012, while the overall change from 2007 to 2024 is a remarkable 296%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, making the current value of Konnur High Road (Sayani to Railway Colony) above that median.

• Konnur High Road Ist Lane: Rs 4,400 per sq.ft (2024)
• Konnur High Road (Ayanavaram Bus stand to Tagore Nagar): Rs 9,900 per sq.ft (2024)
• Konnur High Road 5th lane: Rs 4,400 per sq.ft (2024)
• Konnur High Road 4th Lane: Rs 4,400 per sq.ft (2024)
• Konnur High Road 3rd Lane: Rs 4,400 per sq.ft (2024)
• Konnur High Road 2nd Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Konnur High Road (Sayani to Railway Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, totaling Rs 8,91,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Konnur High Road (Sayani to Railway Colony)?

The Konnur High Road (Sayani to Railway Colony) is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is used to determine the stamp duty and registration fees when buying or selling property in Ayanavaram. It serves as a benchmark for the minimum value of the property, ensuring that the government receives appropriate revenue from property transactions.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that all legal requirements are met.

Frequently asked questions

What is the current guideline value of Konnur High Road (Sayani to Railway Colony)?

The current guideline value of Konnur High Road (Sayani to Railway Colony) is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,500 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, marking an overall increase of 296% over the years.

What is the land classification of Konnur High Road (Sayani to Railway Colony)?

Konnur High Road (Sayani to Railway Colony) is classified as Residential Special Type - V under the AnnaNagar SRO.

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

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

Where is the Sub Registrar Office for Konnur High Road (Sayani to Railway Colony)?

The Sub Registrar Office covering Konnur High Road (Sayani to Railway Colony) is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.