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Guideline Value

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Guideline Value for Mettu Street Ward No.2 Door No.1-81

₹330/sq.ft.

The guideline value for Mettu Street Ward No.2 Door No.1-81 in Old Gummidipoondi village (Gummidipoondi SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Old Gummidipoondi

Village

Gummidipoondi

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹101 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹88 /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 Street Ward No.2 Door No.1-81

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Mettu Street Ward No.2 Door No.1-81 guideline value

The current guideline value for Mettu Street Ward No.2 Door No.1-81 is Rs 330 per sq.ft, effective from 1 July 2024. This property is located in Old Gummidipoondi village and falls under the Gummidipoondi SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Mettu Street Ward No.2 Door No.1-81 has changed

The guideline value for Mettu Street Ward No.2 Door No.1-81 has seen several revisions over the years. In 2002, the guideline value was Rs 88 per sq.ft, which increased to Rs 101 per sq.ft in 2003, marking a 15% increase. The value then rose to Rs 150 per sq.ft in 2007, a significant increase of 49%. By 2012, the guideline value was Rs 300 per sq.ft, reflecting a 100% increase from the previous revision.

In 2017, the guideline value was revised to Rs 201 per sq.ft, which was a decrease of 33%. The value increased to Rs 300 per sq.ft in 2023, and finally, it reached Rs 330 per sq.ft in the 2024 revision, showing a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 275%.

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 for these streets is Rs 660 per sq.ft, which means that Mettu Street Ward No.2 Door No.1-81's 2024 figure is below that median.

Stamp duty and registration fee for property in Mettu Street Ward No.2 Door No.1-81

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. Please note that the 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 Street Ward No.2 Door No.1-81?

The Sub Registrar Office covering Mettu Street Ward No.2 Door No.1-81 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 important factor in property transactions in Old Gummidipoondi. It is used to determine the stamp duty and registration fees that are payable when a property is bought or sold. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Mettu Street Ward No.2 Door No.1-81?

The current guideline value for Mettu Street Ward No.2 Door No.1-81 is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 88 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 275% over the years.

What is the stamp duty for property in Mettu Street Ward No.2 Door No.1-81?

The stamp duty for property in Mettu Street Ward No.2 Door No.1-81 is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Mettu Street Ward No.2 Door No.1-81 located?

The Sub Registrar Office for Mettu Street Ward No.2 Door No.1-81 is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

What are the other streets in Old Gummidipoondi with their guideline values?

Other streets in Old Gummidipoondi have guideline values ranging from Rs 220 to Rs 1,210 per sq.ft, with the median being Rs 660 per sq.ft. Mettu Street Ward No.2 Door No.1-81's guideline value is below this median.