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Guideline Value

Corporate

Guideline Value for Narmada Street (ICF Colony )

₹2400/sq.ft.

The guideline value for Narmada Street (icf Colony ) 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 Narmada Street (icf Colony )

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Narmada Street (ICF Colony ) guideline value

The current guideline value of Narmada Street (ICF Colony) 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 Narmada Street (ICF Colony ) has changed

The guideline value for Narmada Street (ICF Colony) has seen significant changes over the years. In 2017, the guideline value was Rs 1,474 per sq.ft, which increased to Rs 2,200 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 raised the value to Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 63%. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are a total of 119 streets under the Konnur SRO, with guideline values ranging from Rs 1,100 to Rs 7,650 per sq.ft as of 2024. The median guideline value for the village is Rs 2,200 per sq.ft, placing Narmada Street (ICF Colony) above this median.

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

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, and the registration fee at 2% would be Rs 48,000, leading to a total of Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Narmada Street (ICF Colony )?

The Sub Registrar Office that covers Narmada Street (ICF Colony) is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate fees are collected. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

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

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,474 per sq.ft to Rs 2,400 per sq.ft in 2024, representing an overall increase of 63%.

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

Other streets in 5. Athipattu include Nageswara rao Road at Rs 3,601 per sq.ft, Nadesan Nagar at Rs 2,750 per sq.ft, and Nehru Street 1Street and 2Street (Chelliamman nagar) both at Rs 2,200 per sq.ft.

How is stamp duty calculated for properties in Narmada Street (ICF Colony)?

Stamp duty for properties in Narmada Street (ICF Colony) is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 1,68,000 based on the current guideline value.

Which office handles the registration for Narmada Street (ICF Colony)?

The registration for Narmada Street (ICF Colony) is handled by the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.