Guideline Value

Corporate

Guideline Value for LINK ROAD

₹4400/sq.ft.

The guideline value for Link Road in Government Farm village (Chennai South Joint I SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Government Farm

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1239 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1097 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Link Road

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Link Road guideline value

The current guideline value of Link Road, located in Government Farm village under the Chennai South Joint I SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under Residential Class IV Type - I land classification.

How the guideline value of Link Road has changed

The guideline value for Link Road has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 1,097 per sq.ft. This increased to Rs 1,239 per sq.ft in 2003, marking a change of +13%. The value then experienced a significant rise to Rs 2,500 per sq.ft in 2007, an increase of +102%. Following this, there was another increase to Rs 4,000 per sq.ft in 2012, which represented a +60% change. However, the value dropped to Rs 2,680 per sq.ft in 2017, showing a decrease of -33%. The guideline value climbed again to Rs 4,000 per sq.ft in 2023, followed by the current figure of Rs 4,400 per sq.ft in 2024, reflecting a +10% change.

Overall, from 2002 to 2024, the guideline value for Link Road has increased by +301%. There are no figures available for the revisions in years not listed in the register.

Guideline values in Government farm

In Government Farm village, there are 35 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,850 to Rs 15,400 per sq.ft, with a median of Rs 8,250 per sq.ft. The guideline value for Link Road is below this median.

Stamp duty and registration fee for property in Link Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Link Road?

The Sub Registrar Office that covers Link Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. To find your SRO, you can find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Government Farm. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the guideline value is set by the government and reflects the value of the property for registration purposes.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. This value is essential for both buyers and sellers to understand their financial obligations during the property transaction process.

Frequently asked questions

What is the current guideline value of Link Road?

The current guideline value of Link Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,097 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of +301% across the revisions.

What is the land classification of Link Road?

Link Road falls under the Residential Class IV Type - I land classification.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Link Road?

The Sub Registrar Office for Link Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.