Guideline Value for Bye Pass Road Group House To New Gummdipoondi

Bye Pass Road Group House To New Gummdipoondi guideline value

The current guideline value for Bye Pass Road Group House To New Gummdipoondi is Rs 880 per sq.ft, effective from 1 July 2024. This property is located in Old Gummidipoondi village and falls under the Gummidipoondi SRO, classified as Residential Class I Type - I.

How the guideline value of Bye Pass Road Group House To New Gummdipoondi has changed

Since the 2002 revision, the guideline value for this street has seen significant changes. In 2002, the value was Rs 186 per sq.ft, which increased to Rs 212 per sq.ft in 2003, marking a 14% rise. The value continued to climb, reaching Rs 700 per sq.ft in 2007, a substantial increase of 230% from 2002. In 2012, it remained at Rs 800 per sq.ft, but then decreased to Rs 536 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 800 per sq.ft in 2023, before reaching the current figure of Rs 880 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 373%. The register has no figures for the years between 2012 and 2017, and no figures for any other years not listed.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,210 per sq.ft. The median value for these streets is Rs 660 per sq.ft, making the current value of Rs 880 per sq.ft for Bye Pass Road Group House To New Gummdipoondi above that median.

• Bye Pass Road New Gummdipoondi Road To G N T Road Junction: Rs 880 per sq.ft (2024)
• By Pass: Rs 880 per sq.ft (2024)
• Desan Street Ward No.2 Door No.1-94: Rs 330 per sq.ft (2024)
• Erikarai Street Ward No.12 Door No.1-23 Lake band street: Rs 330 per sq.ft (2024)
• Erular Colony Ward No.12 Door No.1-40: Rs 220 per sq.ft (2024)
• Gandhi Nagar (a) Kallukadai medu street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Bye Pass Road Group House To New Gummdipoondi

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bye Pass Road Group House To New Gummdipoondi?

The Bye Pass Road Group House To New Gummdipoondi falls under the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during property registration in Old Gummidipoondi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Bye Pass Road Group House To New Gummdipoondi?

The current guideline value for Bye Pass Road Group House To New Gummdipoondi is Rs 880 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 186 per sq.ft in 2002 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 373% over the years.

What is the registration fee for property in this area?

The registration fee is calculated based on the guideline value, which is Rs 880 per sq.ft for this property. The fee is 2% of the total guideline value.

Where can I find the Gummidipoondi Sub Registrar Office?

The Gummidipoondi Sub Registrar Office is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How is stamp duty calculated for properties in Old Gummidipoondi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For Bye Pass Road Group House To New Gummdipoondi, the stamp duty is 7% of the guideline value.