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Guideline Value for Prabu Nagar Ward No.9 Door No.1-60

₹660/sq.ft.

The guideline value for Prabu Nagar Ward No.9 Door No.1-60 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 Prabu Nagar Ward No.9 Door No.1-60

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Prabu Nagar Ward No.9 Door No.1-60 guideline value

The current guideline value for Prabu Nagar Ward No.9 Door No.1-60 is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Old Gummidipoondi village and falls under the Gummidipoondi SRO with a land classification of Residential Class II Type - I.

How the guideline value of Prabu Nagar Ward No.9 Door No.1-60 has changed

The guideline value for this street has undergone several revisions over the years. Starting from Rs 190 per sq.ft in 2002, it increased to Rs 216 per sq.ft in 2003. The value then saw a significant rise to Rs 400 per sq.ft in 2007, followed by an increase to Rs 600 per sq.ft in 2012. However, it decreased to Rs 402 per sq.ft in 2017 before rising to Rs 600 per sq.ft again in 2023. The most recent revision in 2024 set the guideline value at Rs 660 per sq.ft.

Between the revisions, notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 50% increase from 2007 to 2012, an 85% increase from 2003 to 2007, and a 14% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 247%.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO that have 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 current guideline value for Prabu Nagar Ward No.9 Door No.1-60.

Stamp duty and registration fee for property in Prabu Nagar Ward No.9 Door No.1-60

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 charges to 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 Prabu Nagar Ward No.9 Door No.1-60?

The Prabu Nagar Ward No.9 Door No.1-60 falls under the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Old Gummidipoondi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property dealings, as it reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value for Prabu Nagar Ward No.9 Door No.1-60?

The current guideline value for Prabu Nagar Ward No.9 Door No.1-60 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 are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,60,000. The stamp duty at 7% is Rs 46,200, and the registration fee at 2% is Rs 13,200, totaling Rs 59,400.

Which Sub Registrar Office covers this property?

The property is covered by the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

What is the median guideline value in Old Gummidipoondi?

The median guideline value in Old Gummidipoondi is Rs 660 per sq.ft, which is the same as the current guideline value for Prabu Nagar Ward No.9 Door No.1-60.