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Guideline Value

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Guideline Value for Musleem Colony Ward No.4 Door No.1-16

₹660/sq.ft.

The guideline value for Musleem Colony Ward No.4 Door No.1-16 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 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹216 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹190 /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 Musleem Colony Ward No.4 Door No.1-16

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Musleem Colony Ward No.4 Door No.1-16 guideline value

The current guideline value for Musleem Colony Ward No.4 Door No.1-16 is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Old Gummidipoondi village and falls under the Gummidipoondi SRO. The land classification for this property is Residential Class II Type - I.

How the guideline value of Musleem Colony Ward No.4 Door No.1-16 has changed

The guideline value for Musleem Colony Ward No.4 Door No.1-16 has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 190 per sq.ft. This increased to Rs 216 per sq.ft in 2003, marking a change of +14%. The value continued to rise, reaching Rs 400 per sq.ft in 2007, which was an increase of +85%. In 2012, the value was Rs 600 per sq.ft, reflecting a +50% change from the previous revision. However, in 2017, it decreased to Rs 402 per sq.ft, showing a decline of -33%. The value then increased to Rs 600 per sq.ft in 2023, and finally, it reached Rs 660 per sq.ft in the 2024 revision, which is a +10% increase from the previous year. There are no figures available for the years not listed in the register.

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, with the median being Rs 660 per sq.ft. The guideline value for Musleem Colony Ward No.4 Door No.1-16 matches this median.

Stamp duty and registration fee for property in Musleem Colony Ward No.4 Door No.1-16

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

Which Sub Registrar Office covers Musleem Colony Ward No.4 Door No.1-16?

The Gummidipoondi Sub Registrar Office covers Musleem Colony Ward No.4 Door No.1-16. The office is 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 a crucial factor in the registration of property transactions in Old Gummidipoondi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. 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 Musleem Colony Ward No.4 Door No.1-16?

The current guideline value for Musleem Colony Ward No.4 Door No.1-16 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 190 per sq.ft in 2002 to Rs 660 per sq.ft in 2024, reflecting an overall increase of +247% over the years.

What is the land classification for Musleem Colony Ward No.4 Door No.1-16?

The land classification for Musleem Colony Ward No.4 Door No.1-16 is Residential Class II Type - I.

Where can I find the Gummidipoondi Sub Registrar Office?

The Gummidipoondi Sub Registrar Office 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, a property valued at Rs 6,60,000 would incur a stamp duty of Rs 46,200 at 7%.