Guideline Value for Old Tapal Street Or Old Tapaloffice Ward No.8 Door No.1-26b Tar Road

Old Tapal street or old TapalOffice Ward No.8 Door No.1-26b Tar Road guideline value

The current guideline value of Old Tapal street or old TapalOffice Ward No.8 Door No.1-26b Tar Road is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Old Gummidipoondi village under the Gummidipoondi SRO, classified as Residential Class II Type - I.

How the guideline value of Old Tapal street or old TapalOffice Ward No.8 Door No.1-26b Tar Road has changed

The guideline value for this street has seen several revisions over the years. Starting from Rs 190 per sq.ft in 2002, it increased to Rs 216 per sq.ft in 2003, marking a 14% rise. By 2007, the value further increased to Rs 400 per sq.ft, reflecting an 85% change. The 2012 revision saw the value remain at Rs 600 per sq.ft, and then it dropped to Rs 402 per sq.ft in 2017, a decrease of 33%. In 2023, the value was Rs 600 per sq.ft, and the most recent revision in 2024 set it at Rs 660 per sq.ft, a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 247%. There are no other years with registered figures 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 value is Rs 660 per sq.ft, which is equal to the guideline value of Old Tapal street or old TapalOffice Ward No.8 Door No.1-26b Tar Road.

• New Vettu Colony: Rs 660 per sq.ft (2024)
• New Harijan Colony Ward No.5 Door No.1-38: Rs 330 per sq.ft (2024)
• Pavazhakattan Street, Ward No.1 Door No.1-55: Rs 220 per sq.ft (2024)
• Nattanmaikara Street Ward No.1 Door No.1-57: Rs 330 per sq.ft (2024)
• Pillayar Koil Street Ward No.10 Door No.1-24a: Rs 660 per sq.ft (2024)
• Musleem Colony Ward No.5 Door No.1-28: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Old Tapal street or old TapalOffice Ward No.8 Door No.1-26b Tar Road

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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Old Tapal street or old TapalOffice Ward No.8 Door No.1-26b Tar Road?

The Sub Registrar Office that covers Old Tapal street or old TapalOffice Ward No.8 Door No.1-26b Tar Road 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 plays a crucial role in the registration of property transactions in Old Gummidipoondi. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

It is important for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. The higher of the guideline value and the sale price is considered for calculating the stamp duty, ensuring that the fees reflect the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Old Tapal street?

The current guideline value of Old Tapal street or old TapalOffice Ward No.8 Door No.1-26b Tar Road 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 Old Tapal street?

Old Tapal street or old TapalOffice Ward No.8 Door No.1-26b Tar Road is classified as Residential Class II Type - I.

Which office handles property registration for this street?

The Gummidipoondi Sub Registrar Office handles property registration for Old Tapal street or old TapalOffice Ward No.8 Door No.1-26b Tar Road, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How is stamp duty calculated for properties in Old Gummidipoondi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total charges would include the stamp duty at 7% and the registration fee at 2% of the guideline value.