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Guideline Value

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Guideline Value for Kattukollai Ist Street Ward No.11 Door No.1-10B

₹880/sq.ft.

The guideline value for Kattukollai Ist Street Ward No.11 Door No.1-10b 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 ₹296 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹172 /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 Ist Street Ward No.11 Door No.1-10b

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Kattukollai Ist Street Ward No.11 Door No.1-10B guideline value

The current guideline value for Kattukollai Ist Street Ward No.11 Door No.1-10B is Rs 880 per sq.ft, effective from 1 July 2024. 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 Ist Street Ward No.11 Door No.1-10B has changed

The guideline value for this street has seen several revisions over the years. In 2002, the guideline value was Rs 172 per sq.ft, which increased to Rs 296 per sq.ft in 2003, marking a change of +72%. The value continued to rise significantly, reaching Rs 700 per sq.ft in 2007, which was a +136% increase from the previous revision. In 2012, the value was Rs 800 per sq.ft, reflecting a +14% increase from 2007. However, there was a notable decrease to Rs 536 per sq.ft in 2017, which was a -33% change. The value then surged to Rs 800 per sq.ft in 2023, showing a +49% increase. The latest revision in 2024 set the guideline value at Rs 880 per sq.ft, representing a +10% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by +412%. The register has no figure for this street for the years not mentioned in the revisions.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO that have 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 Kattukollai Ist Street Ward No.11 Door No.1-10B is above this median.

Stamp duty and registration fee for property in Kattukollai Ist Street Ward No.11 Door No.1-10B

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 be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kattukollai Ist Street Ward No.11 Door No.1-10B?

The Kattukollai Ist Street Ward No.11 Door No.1-10B is covered by 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 an essential factor in the registration process when buying or selling property in Old Gummidipoondi. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during the property transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property as determined by the local authorities. This process aids in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value for Kattukollai Ist Street Ward No.11 Door No.1-10B?

The current guideline value for Kattukollai Ist Street Ward No.11 Door No.1-10B 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 172 per sq.ft in 2002 to Rs 880 per sq.ft in 2024, showing an overall increase of +412% over the years.

What is the land classification for this property?

Kattukollai Ist Street Ward No.11 Door No.1-10B falls under the Residential Class I Type - I land classification.

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 a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at a rate of 7%.