Guideline Value for G.n.t Road Ward No.7 Door No.135-214 A Travellers Baungalow To Ganapathy Theatre

G.N.T Road Ward No.7 Door No.135-214 A Travellers Baungalow to Ganapathy Theatre guideline value

The current guideline value for G.N.T Road Ward No.7 Door No.135-214 A Travellers Baungalow to Ganapathy Theatre is Rs 1,210 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 Special Type - I.

How the guideline value of G.N.T Road Ward No.7 Door No.135-214 A Travellers Baungalow to Ganapathy Theatre has changed

Since 2002, the guideline value for this street has undergone significant changes. The 2002 revision set the value at Rs 279 per sq.ft, which increased to Rs 318 per sq.ft in 2003, marking a 14% rise. The value continued to climb, reaching Rs 1,000 per sq.ft in 2007, a substantial increase of 214%. In 2012, the value was Rs 1,100 per sq.ft, but saw a decrease of 33% to Rs 737 per sq.ft in 2017. The value then rose to Rs 1,100 per sq.ft in 2023 before reaching the current rate of Rs 1,210 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 334%. The revisions for the years 2012 and 2017 are notable, as the value dropped before experiencing a significant rise in the following years. There are no figures available for this street in the years not listed in the register.

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 G.N.T Road Ward No.7 above that median.

• G.N.T Road Ward No.6 Door No.1-134B Vettu Colony to Travellers Bungalow: Rs 660 per sq.ft (2024)
• G.N.T Road Ward No.8 Door No.215-274 Ganapathy Theatre to Rettambedu: Rs 880 per sq.ft (2024)
• G.N.T Road Ward No.5 Door No.1-28 Railway Gate to Vettu Colony: Rs 660 per sq.ft (2024)
• G.N. Road Ward No.9 Door No.275-329c Rettambedu to Thervali: Rs 880 per sq.ft (2024)
• GanGan Thotti Ward No.13 Door No.1-20: Rs 660 per sq.ft (2024)
• Gorimedu Ward Ward No.13 Door No.1-20: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in G.N.T Road Ward No.7 Door No.135-214 A Travellers Baungalow to Ganapathy Theatre

For a 1,000 sq.ft plot at the current rate of Rs 1,210 per sq.ft, the guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, while the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.N.T Road Ward No.7 Door No.135-214 A Travellers Baungalow to Ganapathy Theatre?

The Gummidipoondi Sub Registrar Office covers this area, 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 is a critical factor during property registration in Old Gummidipoondi. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the transaction reflects the property's value as determined by the government.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for G.N.T Road Ward No.7?

The current guideline value for G.N.T Road Ward No.7 Door No.135-214 A Travellers Baungalow to Ganapathy Theatre is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 279 per sq.ft in 2002 to Rs 1,210 per sq.ft in 2024, showing an overall increase of 334% over this period.

What is the land classification for this property?

The land classification for G.N.T Road Ward No.7 Door No.135-214 A Travellers Baungalow to Ganapathy Theatre is Residential Special Type - I.

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 this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 12,10,000 would incur a stamp duty of Rs 84,700 at 7%.