Guideline Value for Kotta Karai Government Hospital Area ward No.13 Door No.1-21

Kotta Karai Government Hospital Area ward No.13 Door No.1-21 guideline value

The current guideline value for Kotta Karai Government Hospital Area ward No.13 Door No.1-21 is Rs 660 per sq.ft. This area 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 Government Hospital Area ward No.13 Door No.1-21 has changed

The guideline value for this area has seen several revisions over the years. Starting from Rs 60 per sq.ft in 2002, it increased significantly to Rs 192 per sq.ft in 2003, marking a change of +220%. The value then rose to Rs 400 per sq.ft in 2007, an increase of +108%. In 2012, the figure was revised to Rs 600 per sq.ft, which was a +50% change. However, in 2017, it decreased to Rs 402 per sq.ft, reflecting a decline of -33%. The value then increased to Rs 600 per sq.ft in 2023, followed by the latest revision to Rs 660 per sq.ft in 2024, which is a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +1000%. The revisions for the years 2012, 2017, and 2023 are significant, showing fluctuations in the guideline value during this period.

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 guideline value of Kotta Karai Government Hospital Area ward No.13 Door No.1-21.

• Kotta Karai Anna Nagar Ist Street Ward No.13 Door No.1-13: 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 5th Street Ward No.13 Door No.1-21: Rs 660 per sq.ft (2024)
• Kotta Karai Ward No.13 Door No.1-57: 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)
• Kottakkarai Anna Nagar Kamaraj Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Kotta Karai Government Hospital Area 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 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 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kotta Karai Government Hospital Area ward No.13 Door No.1-21?

The Kotta Karai Government Hospital Area 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. For further assistance, you can find your SRO.

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

The guideline value plays a crucial role in the property registration process in Old Gummidipoondi. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This value is set by the government and is updated periodically based on market conditions.

When a buyer or seller engages in a transaction, the guideline value serves as a reference point. It ensures that the property is registered at a value that reflects the current market conditions, thus facilitating a transparent and fair registration process.

Frequently asked questions

What is the current guideline value for Kotta Karai Government Hospital Area ward No.13 Door No.1-21?

The current guideline value for Kotta Karai Government Hospital Area 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 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 property in this area?

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 Government Hospital Area ward No.13 Door No.1-21, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

What is the land classification for this area?

The land classification for Kotta Karai Government Hospital Area ward No.13 Door No.1-21 is Residential Class II Type - I.