Guideline Value for Kotta Karai Anna Nagar Ist Street Ward No.13 Door No.1-13

Kotta Karai Anna Nagar Ist Street Ward No.13 Door No.1-13 guideline value

The current guideline value for Kotta Karai Anna Nagar Ist Street Ward No.13 Door No.1-13 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 Kotta Karai Anna Nagar Ist Street Ward No.13 Door No.1-13 has changed

The guideline value for this street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 60 per sq.ft. This figure increased significantly to Rs 192 per sq.ft in 2003, marking a change of +220%. The value continued to rise, reaching Rs 400 per sq.ft in 2007, which was an increase of +108%. In 2012, the value saw a rise to Rs 600 per sq.ft, reflecting a +50% change. However, from 2012 to 2017, the guideline value decreased to Rs 402 per sq.ft, a change of -33%. The value then increased to Rs 600 per sq.ft in 2023, showing a +49% change. Finally, the current guideline value is Rs 660 per sq.ft from the 2024 revision, which is a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1000%. This street has no recorded figures 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 Kotta Karai Anna Nagar Ist Street Ward No.13 Door No.1-13 is equal to this median.

• Kotta Karai Anna Nagar 5th Street Ward No.13 Door No.1-21: 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 4th Street Ward No.13 Door No.1-16: 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)
• Kotta Karai Anna Nagar 3rd Street Ward No.13 Door No.1-30B: Rs 660 per sq.ft (2024)
• Kotta Karai Ward No.13 Door No.1-57: Rs 660 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Kotta Karai Anna Nagar Ist Street Ward No.13 Door No.1-13 is 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 when registering property transactions in Old Gummidipoondi. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this valuation.

When buying or selling property, both the buyer and seller must consider the guideline value to avoid any discrepancies during the registration process. The guideline value serves as a benchmark for the transaction, ensuring transparency and compliance with local regulations.

Frequently asked questions

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

The current guideline value for Kotta Karai Anna Nagar Ist Street Ward No.13 Door No.1-13 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 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 this property?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,60,000. The stamp duty at 7% is Rs 46,200, and the registration fee at 2% is Rs 13,200, totaling Rs 59,400.

Which Sub Registrar Office covers this area?

The Gummidipoondi Sub Registrar Office covers Kotta Karai Anna Nagar Ist Street Ward No.13 Door No.1-13, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

What is the land classification for this street?

Kotta Karai Anna Nagar Ist Street Ward No.13 Door No.1-13 is classified as Residential Class II Type - I.