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Guideline Value

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Guideline Value for Kattukollai 2nd Street Ward No.11 Door No.1-18a

₹880/sq.ft.

The guideline value for Kattukollai 2nd Street Ward No.11 Door No.1-18a in Old Gummidipoondi village (Gummidipoondi SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Old Gummidipoondi

Village

Gummidipoondi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹212 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹186 /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 Kattukollai 2nd Street Ward No.11 Door No.1-18a

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Kattukollai 2nd Street Ward No.11 Door No.1-18a guideline value

The current guideline value for Kattukollai 2nd Street Ward No.11 Door No.1-18a is Rs 880 per sq.ft. This property is located in Old Gummidipoondi village, under the Gummidipoondi SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Kattukollai 2nd Street Ward No.11 Door No.1-18a has changed

The guideline value for Kattukollai 2nd Street has seen several revisions over the years. Starting from Rs 186 per sq.ft in 2002, it increased to Rs 212 per sq.ft in 2003, marking a 14% rise. The value then surged significantly to Rs 700 per sq.ft in 2007, reflecting a 230% increase. In 2012, the value was Rs 800 per sq.ft, showing a 14% increase from the previous revision. However, it decreased to Rs 536 per sq.ft in 2017, a drop of 33%. The guideline value rose again to Rs 800 per sq.ft in 2023, and most recently, it reached Rs 880 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 373%. The register has no figures for the years not mentioned in this summary.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO with a 2024 guideline value ranging from Rs 220 to Rs 1,210 per sq.ft. The median guideline value is Rs 660 per sq.ft, and the value for Kattukollai 2nd Street is above this median.

Stamp duty and registration fee for property in Kattukollai 2nd Street Ward No.11 Door No.1-18a

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kattukollai 2nd Street Ward No.11 Door No.1-18a?

The Kattukollai 2nd Street Ward No.11 Door No.1-18a property falls under the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201. 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 in the registration process when buying or selling property in Old Gummidipoondi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Kattukollai 2nd Street Ward No.11 Door No.1-18a?

The current guideline value for Kattukollai 2nd Street Ward No.11 Door No.1-18a 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 several times, starting from Rs 186 per sq.ft in 2002 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 373% over this period.

What is the land classification for this property?

The land classification for Kattukollai 2nd Street Ward No.11 Door No.1-18a is Residential Class I Type - I.

Where can I find the registration office for this property?

The registration office for Kattukollai 2nd Street Ward No.11 Door No.1-18a is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201.

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 a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 79,200.