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Guideline Value

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Guideline Value for Mettu Colony Ward No.5 Door No.1-70

₹660/sq.ft.

The guideline value for Mettu Colony Ward No.5 Door No.1-70 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 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹47 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹41 /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 Mettu Colony Ward No.5 Door No.1-70

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Mettu Colony Ward No.5 Door No.1-70 guideline value

The current guideline value for Mettu Colony Ward No.5 Door No.1-70 is Rs 660 per sq.ft. 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 Mettu Colony Ward No.5 Door No.1-70 has changed

The guideline value for Mettu Colony Ward No.5 Door No.1-70 has seen several revisions over the years. In 2002, the value was Rs 41 per sq.ft. This increased to Rs 47 per sq.ft in 2003, marking a rise of 15%. Following this, the value saw a significant increase to Rs 100 per sq.ft in 2007, which was a 113% jump. The value then surged to Rs 600 per sq.ft in 2012, reflecting a 500% increase. However, it decreased to Rs 402 per sq.ft in 2017, showing a decline of 33%. The value rose again to Rs 600 per sq.ft in 2023, and most recently, it has been revised to Rs 660 per sq.ft effective from 1 July 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1510%. The register has no figure for this street for the years not mentioned.

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 Mettu Colony Ward No.5 Door No.1-70.

Stamp duty and registration fee for property in Mettu Colony Ward No.5 Door No.1-70

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 to Rs 59,400. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mettu Colony Ward No.5 Door No.1-70?

The Sub Registrar Office covering Mettu Colony Ward No.5 Door No.1-70 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 in the registration process of property transactions in Old Gummidipoondi. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and in compliance with local regulations.

It is important for buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property transactions. Understanding the guideline value helps in planning the financial aspects of buying or selling property in the area.

Frequently asked questions

What is the current guideline value for Mettu Colony Ward No.5 Door No.1-70?

The current guideline value for Mettu Colony Ward No.5 Door No.1-70 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 41 per sq.ft in 2002 to Rs 660 per sq.ft in 2024, reflecting significant increases and a few decreases over the years.

What is the land classification for this property?

The land classification for Mettu Colony Ward No.5 Door No.1-70 is Residential Class II Type - I.

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

The Gummidipoondi Sub Registrar Office covers Mettu Colony Ward No.5 Door No.1-70 and is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.