Guideline Value for Kotta Karai Anna Nagar 5th Street Ward No.13 Door No.1-21

Kotta Karai Anna Nagar 5th Street Ward No.13 Door No.1-21 guideline value

The current guideline value for Kotta Karai Anna Nagar 5th Street Ward No.13 Door No.1-21 is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Old Gummidipoondi village and falls under the Gummidipoondi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kotta Karai Anna Nagar 5th Street Ward No.13 Door No.1-21 has changed

The guideline value for Kotta Karai Anna Nagar 5th Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 60 per sq.ft. This value saw a significant increase to Rs 192 per sq.ft in 2003, marking a change of +220%. The subsequent revision in 2007 raised the value to Rs 400 per sq.ft, reflecting an increase of +108%. In 2012, the value remained at Rs 600 per sq.ft, showing no recorded figure for this street. The 2017 revision brought the guideline value to Rs 402 per sq.ft, which was a decrease of -33%. The most recent revisions were in 2023 and 2024, with the value increasing from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +1000%, reaching the current rate of Rs 660 per sq.ft. Notably, there are no figures recorded for the years not mentioned in the register for this street.

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 among these streets is Rs 660 per sq.ft, which aligns with the 2024 figure for Kotta Karai Anna Nagar 5th Street.

• Kotta Karai Anna Nagar 4th Street Ward No.13 Door No.1-16: Rs 660 per sq.ft (2024)
• Kotta Karai Anna Nagar Ist Street Ward No.13 Door No.1-13: Rs 660 per sq.ft (2024)
• Kotta Karai Anna Nagar 3rd Street Ward No.13 Door No.1-30B: Rs 660 per sq.ft (2024)
• Kotta Karai Government Hospital Area ward No.13 Door No.1-21: Rs 660 per sq.ft (2024)
• Kotta Karai Anna Nagar 2nd Street Ward No.13 Door No.1-47: Rs 660 per sq.ft (2024)
• Kotta Karai Panchayat Union Office Area Ward No.13 Door 1 --11office cum Residence: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Kotta Karai Anna Nagar 5th Street Ward No.13 Door No.1-21

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 higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kotta Karai Anna Nagar 5th Street Ward No.13 Door No.1-21?

The Kotta Karai Anna Nagar 5th Street Ward No.13 Door No.1-21 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 details.

How the guideline value is used when you buy or sell in Old Gummidipoondi

The guideline value plays a crucial role in the registration process of property transactions in Old Gummidipoondi. It serves as the benchmark for calculating the stamp duty and registration fees, which are mandatory when buying or selling a property. The fees are based on the guideline value or the sale price, whichever is higher.

When a buyer and seller agree on a sale price, the registration office will assess the property based on the guideline value to determine the applicable fees. This ensures that all transactions are documented accurately and comply with local regulations.

Frequently asked questions

What is the current guideline value for Kotta Karai Anna Nagar 5th Street Ward No.13 Door No.1-21?

The current guideline value for Kotta Karai Anna Nagar 5th Street Ward No.13 Door No.1-21 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 60 per sq.ft in 2002 to Rs 660 per sq.ft in 2024, reflecting an overall increase of +1000% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles the registration for this property?

The Gummidipoondi Sub Registrar Office handles the registration for Kotta Karai Anna Nagar 5th Street Ward No.13 Door No.1-21, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201.

What is the land classification for this area?

The land classification for Kotta Karai Anna Nagar 5th Street Ward No.13 Door No.1-21 is Residential Class II Type - I.