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Guideline Value

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Guideline Value for Erular Colony Ward No.12 Door No.1-40

₹220/sq.ft.

The guideline value for Erular Colony Ward No.12 Door No.1-40 in Old Gummidipoondi village (Gummidipoondi SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Old Gummidipoondi

Village

Gummidipoondi

SRO

Residential Class V Type - III
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹69 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹60 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201
044_29570408
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Erular Colony Ward No.12 Door No.1-40

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Erular Colony Ward No.12 Door No.1-40 guideline value

The current guideline value for Erular Colony Ward No.12 Door No.1-40 is Rs 220 per sq.ft, effective from 1 July 2024. This property is located in Old Gummidipoondi village, under the Gummidipoondi SRO, and is classified as Residential Class V Type - III.

How the guideline value of Erular Colony Ward No.12 Door No.1-40 has changed

The guideline value for this property has undergone several revisions over the years. In 2002, the guideline value was Rs 60 per sq.ft. This increased to Rs 69 per sq.ft in 2003, marking a 15% rise. By 2007, the value further increased to Rs 100 per sq.ft, a significant jump of 45%. The 2012 revision saw the value rise to Rs 200 per sq.ft, reflecting a 100% increase from the previous figure. However, in 2017, the guideline value decreased to Rs 134 per sq.ft, a reduction of 33%. The value then increased again to Rs 200 per sq.ft in 2023, and finally, it reached Rs 220 per sq.ft in the 2024 revision, indicating a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 267%. The register has no figures for the years that do not have a specified value 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, with a median value of Rs 660 per sq.ft. The guideline value for Erular Colony Ward No.12 Door No.1-40 is below this median.

Stamp duty and registration fee for property in Erular Colony Ward No.12 Door No.1-40

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total to Rs 19,800. It is important to note that 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 Erular Colony Ward No.12 Door No.1-40?

The Sub Registrar Office that covers Erular Colony Ward No.12 Door No.1-40 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 information.

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

The guideline value plays a crucial role during property transactions in Old Gummidipoondi. It is used to determine the amount of stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When registering a property, the higher value between the guideline value and the sale price is taken into account for calculating the stamp duty. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Erular Colony Ward No.12 Door No.1-40?

The current guideline value for Erular Colony Ward No.12 Door No.1-40 is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2002 to Rs 220 per sq.ft in 2024, representing an overall increase of 267% over the years.

What is the classification of land in Erular Colony Ward No.12 Door No.1-40?

The land in Erular Colony Ward No.12 Door No.1-40 is classified as Residential Class V Type - III.

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

The Gummidipoondi Sub Registrar Office covers Erular Colony Ward No.12 Door No.1-40 and is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 2,20,000 would incur a stamp duty of Rs 15,400 at 7%.