Guideline Value for Desan Street Ward No.2 Door No.1-94

Desan Street Ward No.2 Door No.1-94 guideline value

The current guideline value for Desan Street Ward No.2 Door No.1-94 is Rs 330 per sq.ft, effective from 1 July 2024. This property is located in Old Gummidipoondi village, under the Gummidipoondi SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Desan Street Ward No.2 Door No.1-94 has changed

The guideline value for Desan Street has undergone several revisions over the years. In 2002, the guideline value was Rs 85 per sq.ft, which increased to Rs 97 per sq.ft in 2003, marking a 14% rise. The value then saw a significant jump to Rs 150 per sq.ft in 2007, an increase of 55%. By 2012, the value remained at Rs 300 per sq.ft, showing a 100% increase from the previous revision. However, it decreased to Rs 201 per sq.ft in 2017, a decline of 33%.

In 2023, the guideline value was revised to Rs 300 per sq.ft, and it has now increased to Rs 330 per sq.ft in 2024, reflecting a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 288% for this street.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO, with 2024 guideline values ranging from Rs 220 to Rs 1,210 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing Desan Street's 2024 figure below this median.

• By Pass: Rs 880 per sq.ft (2024)
• Bye Pass Road New Gummdipoondi Road To G N T Road Junction: Rs 880 per sq.ft (2024)
• Bye Pass Road Group House To New Gummidipoondi: Rs 880 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 Desan Street Ward No.2 Door No.1-94

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total to Rs 29,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Desan Street Ward No.2 Door No.1-94?

The Sub Registrar Office that covers Desan Street Ward No.2 Door No.1-94 is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. To find your SRO, you can visit find your SRO.

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 transactions in Old Gummidipoondi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it may influence the overall costs involved in the transaction. Buyers and sellers should ensure they are informed about the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Desan Street Ward No.2 Door No.1-94?

The current guideline value for Desan Street Ward No.2 Door No.1-94 is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 85 per sq.ft in 2002 to Rs 330 per sq.ft in 2024. The most significant increase occurred between 2012 and 2017, where it dropped from Rs 300 to Rs 201 per sq.ft.

What is the median guideline value for streets in Old Gummidipoondi?

The median guideline value for streets in Old Gummidipoondi is Rs 660 per sq.ft. The guideline value for Desan Street is below this median.

What are the registration fees for property transactions?

For a property valued at Rs 3,30,000, the stamp duty is calculated at 7%, which amounts to Rs 23,100, while the registration fee is 2%, totaling Rs 6,600. The combined total for these fees is Rs 29,700.

Where can I find my Sub Registrar Office?

The Gummidipoondi Sub Registrar Office covers Desan Street Ward No.2 Door No.1-94. You can find more information and locate your SRO by visiting the relevant link provided.