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Guideline Value

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Guideline Value for Sasthiri Nagar 1 to 3 Streets and Street

₹5500/sq.ft.

The guideline value for Sasthiri Nagar 1 To 3 Streets And Street in Konnur village (Konnur SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Konnur

Village

Konnur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /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 Sasthiri Nagar 1 To 3 Streets And Street

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Sasthiri Nagar 1 to 3 Streets and Street guideline value

The current guideline value for Sasthiri Nagar 1 to 3 Streets and Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Konnur village, under the Konnur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sasthiri Nagar 1 to 3 Streets and Street has changed

In the 2012 revision, the guideline value was Rs 5,000 per sq.ft. This figure decreased to Rs 3,350 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase in the 2023 revision, rising to Rs 5,000 per sq.ft, and then to Rs 5,500 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The overall change from 2012 to 2024 is an increase of 10%.

The register has no figures for the years 2002, 2003, and 2007 for this street. The changes in guideline value from 2017 to 2023 amounted to a notable increase of 49%.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value in Konnur is Rs 3,800 per sq.ft, placing Sasthiri Nagar 1 to 3 Streets and Street above this median.

Stamp duty and registration fee for property in Sasthiri Nagar 1 to 3 Streets and Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, resulting in a total of Rs 4,95,000. 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 further calculations.

Which Sub Registrar Office covers Sasthiri Nagar 1 to 3 Streets and Street?

The Sub Registrar Office that covers Sasthiri Nagar 1 to 3 Streets and Street is the Konnur Sub Registrar Office, located at 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 plays a crucial role in the registration process of property transactions in Konnur. It is the benchmark value used to determine the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the higher value between the guideline value and the sale price is taken into account for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Sasthiri Nagar 1 to 3 Streets and Street?

The current guideline value for Sasthiri Nagar 1 to 3 Streets and Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then increased to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024.

What is the land classification for Sasthiri Nagar 1 to 3 Streets and Street?

Sasthiri Nagar 1 to 3 Streets and Street is classified as Residential Class I Type - I.

Which office handles the registration for Sasthiri Nagar 1 to 3 Streets and Street?

The Konnur Sub Registrar Office handles the registration for Sasthiri Nagar 1 to 3 Streets and Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in Konnur?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.