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Guideline Value

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Guideline Value for Periyar Nagar 4th Street and other Streets

₹3800/sq.ft.

The guideline value for Periyar Nagar 4th Street And Other Streets in Konnur 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 Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Konnur

Village

Konnur

SRO

Residential Class II 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 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹201 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹185 /sq.ft.
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 Periyar Nagar 4th Street And Other Streets

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Periyar Nagar 4th Street and other Streets guideline value

The current guideline value for Periyar Nagar 4th Street and other streets in Konnur village, under the Konnur SRO, is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Periyar Nagar 4th Street and other Streets has changed

The guideline value for Periyar Nagar 4th Street has undergone several revisions over the years. In 2002, the value was Rs 185 per sq.ft, which increased to Rs 201 per sq.ft in 2003. Following that, there was a significant rise to Rs 700 per sq.ft in 2007, and then it jumped to Rs 3,500 per sq.ft in 2012. However, there was a decline to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and the most recent revision in 2024 has set the value at Rs 3,800 per sq.ft. The changes from 2017 to 2023 saw an increase of 49%, while the jump from 2023 to 2024 is 9%.

There are no figures available in the register for the years not mentioned in the provided list. The overall change from 2002 to 2024 reflects a substantial increase of 1,954% in the guideline value.

Guideline values in Konnur

In Konnur village, there are 249 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value is Rs 3,800 per sq.ft, which matches the current value for Periyar Nagar 4th Street.

Stamp duty and registration fee for property in Periyar Nagar 4th Street and other Streets

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value is 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, totaling Rs 3,42,000. 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 Periyar Nagar 4th Street and other Streets?

The Sub Registrar Office that covers Periyar Nagar 4th Street and other streets is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Konnur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value is used to calculate the applicable duties and fees. This ensures that all transactions are conducted transparently and that the values reflect the current market standards as set by the registration department.

Frequently asked questions

What is the current guideline value for Periyar Nagar 4th Street?

The current guideline value for Periyar Nagar 4th Street 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 significantly from Rs 185 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 1,954%.

What is the stamp duty rate for property in Konnur?

The stamp duty rate for property in Konnur is 7% of the guideline value or the sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How can I calculate the registration fees?

You can calculate the registration fees using the stamp duty and registration fee calculator available online.