Guideline Value for Bye Pass Road New Gummdipoondi Road To G N T Road Junction

Bye Pass Road New Gummdipoondi Road To G N T Road Junction guideline value

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

How the guideline value of Bye Pass Road New Gummdipoondi Road To G N T Road Junction has changed

The guideline value for this street has undergone several revisions over the years. In 2002, the guideline value was Rs 186 per sq.ft. This increased to Rs 212 per sq.ft in 2003, marking a rise of 14%. The value continued to rise significantly, reaching Rs 700 per sq.ft in 2007, which was a substantial increase of 230%. In 2012, the value was revised to Rs 800 per sq.ft, reflecting a 14% increase. However, it then decreased to Rs 536 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 800 per sq.ft in 2023, and most recently, it increased to Rs 880 per sq.ft in 2024, a change of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 373%. There are no figures available for the years not listed in the register for this street.

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, placing the guideline value for Bye Pass Road New Gummdipoondi Road To G N T Road Junction above this median.

• By Pass: Rs 880 per sq.ft (2024)
• Bye Pass Road Group House To New Gummdipoondi: 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 New Gummdipoondi Road To G N T Road Junction

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 fees to Rs 79,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bye Pass Road New Gummdipoondi Road To G N T Road Junction?

The Sub Registrar Office that covers Bye Pass Road New Gummdipoondi Road To G N T Road Junction is 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 more details.

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

The guideline value plays a crucial role during the registration of property in Old Gummidipoondi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate the applicable fees, which are charged based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Bye Pass Road New Gummdipoondi Road To G N T Road Junction?

The current guideline value for Bye Pass Road New Gummdipoondi Road To G N T Road Junction is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2002?

Since 2002, the guideline value has increased from Rs 186 per sq.ft to Rs 880 per sq.ft in 2024, representing an overall increase of 373%.

What were the guideline values for the previous revisions?

The guideline values for previous revisions are as follows: Rs 186 per sq.ft in 2002, Rs 212 per sq.ft in 2003, Rs 700 per sq.ft in 2007, Rs 800 per sq.ft in 2012, Rs 536 per sq.ft in 2017, and Rs 800 per sq.ft in 2023.

What is the registration fee for property in Bye Pass Road New Gummdipoondi Road To G N T Road Junction?

The registration fee for property in Bye Pass Road New Gummdipoondi Road To G N T Road Junction is calculated at 2% of the guideline value. For a property valued at Rs 8,80,000, the registration fee would be Rs 17,600.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Bye Pass Road New Gummdipoondi Road To G N T Road Junction is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find more details online.