Guideline Value for G.n.t Road Ward No.8 Door No.215-274 Ganapathy Theatre To Rettambedu

G.N.T Road Ward No.8 Door No.215-274 Ganapathy Theatre to Rettambedu guideline value

The current guideline value for G.N.T Road Ward No.8 Door No.215-274 Ganapathy Theatre to Rettambedu is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Old Gummidipoondi and falls under the Gummidipoondi SRO. The land classification is Residential Class I Type - I.

How the guideline value of G.N.T Road Ward No.8 Door No.215-274 Ganapathy Theatre to Rettambedu has changed

The guideline value for this street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 190 per sq.ft. This increased to Rs 216 per sq.ft in 2003, marking a 14% rise. The value then rose significantly to Rs 700 per sq.ft in 2007, reflecting a 224% increase. Following this, the value was Rs 800 per sq.ft in 2012, a decrease of 14%. The 2017 revision saw a new figure of Rs 536 per sq.ft, which was a 33% drop. The value increased again to Rs 800 per sq.ft in 2023, and the most recent revision in 2024 has set the guideline value at Rs 880 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 363%. There are no figures for this street in the revisions for the years not mentioned.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO that have a guideline value for 2024, ranging from Rs 220 to Rs 1,210 per sq.ft. The median value is Rs 660 per sq.ft, and the guideline value for G.N.T Road Ward No.8 Door No.215-274 Ganapathy Theatre to Rettambedu is above this median.

• G.N.T Road Ward No.7 Door No.135-214 A Travellers Baungalow to Ganapathy Theatre: Rs 1,210 per sq.ft (2024)
• G.N.T. Road Ward No.9 Door No.275-329c Rettambedu to Thervali: Rs 880 per sq.ft (2024)
• 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.5 Door No.1-28 Railway Gate to Vettu Colony: Rs 660 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.8 Door No.215-274 Ganapathy Theatre to Rettambedu

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, resulting in a total of Rs 79,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers G.N.T Road Ward No.8 Door No.215-274 Ganapathy Theatre to Rettambedu?

The Gummidipoondi Sub Registrar Office covers this area. The address is 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 process of property transactions in Old Gummidipoondi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value will be considered alongside the sale price. If the sale price is higher than the guideline value, the duty will be charged based on the sale price. This ensures that the registration process is transparent and fair.

Frequently asked questions

What is the current guideline value for G.N.T Road Ward No.8 Door No.215-274 Ganapathy Theatre to Rettambedu?

The current guideline value for G.N.T Road Ward No.8 Door No.215-274 Ganapathy Theatre to Rettambedu 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 from Rs 190 per sq.ft in 2002 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 363% over the years.

What is the land classification for this area?

The land classification for G.N.T Road Ward No.8 Door No.215-274 Ganapathy Theatre to Rettambedu is Residential Class I Type - I.

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

The Sub Registrar Office that covers G.N.T Road Ward No.8 Door No.215-274 Ganapathy Theatre to Rettambedu is located at No.9, Grc Complex, G.N.T. Road, Gummidipoondi-601201, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 61,600 at 7%.