Guideline Value for Gorimedu Ward Ward No.13 Door No.1-20

Gorimedu Ward Ward No.13 Door No.1-20 guideline value

The current guideline value for Gorimedu Ward Ward No.13 Door No.1-20 is Rs 660 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 II Type - I.

How the guideline value of Gorimedu Ward Ward No.13 Door No.1-20 has changed

The guideline value for Gorimedu Ward Ward No.13 Door No.1-20 has seen several revisions over the years. In 2002, the guideline value was Rs 67 per sq.ft. This increased to Rs 77 per sq.ft in 2003, showing a change of +15%. The value then rose significantly to Rs 100 per sq.ft in 2007, which was a +30% increase. Following this, the value surged to Rs 600 per sq.ft in 2012, marking a substantial +500% change. However, it decreased to Rs 402 per sq.ft in 2017, reflecting a -33% change. The value then increased to Rs 600 per sq.ft in 2023, which was a +49% increase, and finally reached Rs 660 per sq.ft in the 2024 revision, a +10% change.

There are no figures available for the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +885%.

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 is Rs 660 per sq.ft, which is equal to the 2024 figure for Gorimedu Ward Ward No.13 Door No.1-20.

• 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.8 Door No.215-274 Ganapathy Theatre to Rettambedu: Rs 880 per sq.ft (2024)
• 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.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)

Stamp duty and registration fee for property in Gorimedu Ward Ward No.13 Door No.1-20

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. 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 more details.

Which Sub Registrar Office covers Gorimedu Ward Ward No.13 Door No.1-20?

The Gorimedu Ward Ward No.13 Door No.1-20 falls under 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 is a crucial factor during the registration of property transactions in Old Gummidipoondi. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is important to note that these fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Gorimedu Ward Ward No.13 Door No.1-20?

The current guideline value for Gorimedu Ward Ward No.13 Door No.1-20 is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 67 per sq.ft in 2002 to Rs 660 per sq.ft in 2024, reflecting an overall increase of +885% over the years.

What is the land classification for Gorimedu Ward Ward No.13 Door No.1-20?

The land classification for Gorimedu Ward Ward No.13 Door No.1-20 is Residential Class II Type - I.

Where is the Gummidipoondi Sub Registrar Office located?

The Gummidipoondi Sub Registrar Office is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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 rate, the total fees would amount to Rs 59,400.