Guideline Value

Corporate

Guideline Value for Ma.Po.Si. Nagar 1st Cross Street

₹660/sq.ft.

The guideline value for Ma.po.si. Nagar 1st Cross Street 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:

Chennai

Zone

Old Gummidipoondi

Village

Gummidipoondi

SRO

Residential Class II Type - I
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 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Ma.po.si. Nagar 1st Cross Street

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Ma.Po.Si. Nagar 1st Cross Street guideline value

The current guideline value of Ma.Po.Si. Nagar 1st Cross Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Old Gummidipoondi village, under the Gummidipoondi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ma.Po.Si. Nagar 1st Cross Street has changed

The guideline value for Ma.Po.Si. Nagar 1st Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision raised it to Rs 660 per sq.ft, marking a 10% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change is a 10% increase. Notably, the guideline value increased by 49% from 2017 to 2023, while it saw a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 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 guideline value is Rs 660 per sq.ft, which is equal to the current guideline value of Ma.Po.Si. Nagar 1st Cross Street.

Stamp duty and registration fee for property in Ma.Po.Si. Nagar 1st Cross Street

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 and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ma.Po.Si. Nagar 1st Cross Street?

The Sub Registrar Office that covers Ma.Po.Si. Nagar 1st Cross Street 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Old Gummidipoondi. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees. This value helps in establishing a fair transaction price and is essential for both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value of Ma.Po.Si. Nagar 1st Cross Street?

The current guideline value of Ma.Po.Si. Nagar 1st Cross Street 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 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Ma.Po.Si. Nagar 1st Cross Street?

Ma.Po.Si. Nagar 1st Cross Street is classified as Residential Class II Type - I.

Where is the Gummidipoondi Sub Registrar Office located?

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 property in Ma.Po.Si. Nagar 1st Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 46,200.