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Guideline Value for Kotta Karai Panchayat Union Office Area Ward No.13 Door 1 --11office Cum Residence

₹660/sq.ft.effective 1 July 2024

Chennai zone Old Gummidipoondi village Gummidipoondi SRO Residential Class Ii Type - I

The guideline value for Kotta Karai Panchayat Union Office Area Ward No.13 Door 1 --11office Cum Residence in Old Gummidipoondi village (Gummidipoondi SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹192 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹60 /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 Kotta Karai Panchayat Union Office Area Ward No.13 Door 1 --11office Cum Residence

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Kotta Karai Panchayat Union Office Area Ward No.13 Door 1 --11office cum Residence guideline value

The current guideline value for Kotta Karai Panchayat Union Office Area Ward No.13 Door 1 --11office cum Residence 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 Panchayat Union Office Area Ward No.13 Door 1 --11office cum Residence has changed

Since the 2002 revision, the guideline value has seen significant changes. In 2002, the value was Rs 60 per sq.ft, which increased to Rs 192 per sq.ft in 2003, marking a substantial increase of 220%. The value continued to rise, reaching Rs 400 per sq.ft in 2007, a 108% increase from the previous year. By 2012, the value held steady at Rs 600 per sq.ft, but then dropped to Rs 402 per sq.ft in 2017, reflecting a decrease of 33%.

In 2023, the guideline value was revised to Rs 600 per sq.ft, and it increased again to Rs 660 per sq.ft in 2024, representing a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 1000%, showcasing the changes over the years.

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 2024 figure for Kotta Karai Panchayat Union Office Area Ward No.13 Door 1 --11office cum Residence. Below are the guideline values for other streets in Old Gummidipoondi:

Stamp duty and registration fee for property in Kotta Karai Panchayat Union Office Area Ward No.13 Door 1 --11office cum Residence

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the 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, totaling Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kotta Karai Panchayat Union Office Area Ward No.13 Door 1 --11office cum Residence?

The Kotta Karai Panchayat Union Office Area Ward No.13 Door 1 --11office cum Residence falls under 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 is a crucial factor in property transactions in Old Gummidipoondi. It determines the minimum value at which a property can be registered, and it is used to calculate the stamp duty and registration fees applicable during the registration process.

When buying or selling property, the guideline value helps ensure that the transaction is documented at a fair value according to the local regulations. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Kotta Karai Panchayat Union Office Area Ward No.13 Door 1 --11office cum Residence?

The current guideline value is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 60 per sq.ft in 2002 to Rs 660 per sq.ft in 2024, marking an overall increase of 1000% over the years.

What is the land classification for this area?

The land classification for Kotta Karai Panchayat Union Office Area Ward No.13 Door 1 --11office cum Residence is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this property?

The Gummidipoondi Sub Registrar Office covers this property, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2% of the guideline value. These fees are based on the higher of the guideline value or the sale price.