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Guideline Value for Railway Colony Ward No.12 Door No.1-43a

₹330/sq.ft.

The guideline value for Railway Colony Ward No.12 Door No.1-43a 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 ₹111 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹97 /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 Railway Colony Ward No.12 Door No.1-43a

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Railway Colony Ward No.12 Door No.1-43a guideline value

The current guideline value for Railway Colony Ward No.12 Door No.1-43a is Rs 330 per sq.ft. This property is located in Old Gummidipoondi village, under the Gummidipoondi SRO, and is classified as Residential Class III Type - I.

How the guideline value of Railway Colony Ward No.12 Door No.1-43a has changed

The guideline value has undergone several revisions since 2002. The earliest recorded value in 2002 was Rs 97 per sq.ft, which increased to Rs 111 per sq.ft in 2003, marking a 14% rise. In 2007, the value further increased to Rs 150 per sq.ft, reflecting a 35% change. The value then saw a significant jump to Rs 300 per sq.ft in 2012, a 100% increase. However, it decreased to Rs 201 per sq.ft in 2017, which was a 33% drop. The subsequent revision in 2023 raised the value to Rs 300 per sq.ft, and the latest revision in 2024 has set the value at Rs 330 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 240%. Notably, there are no figures available for the years not mentioned in the register 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, with a median value of Rs 660 per sq.ft. The guideline value for Railway Colony Ward No.12 Door No.1-43a is below this median.

Stamp duty and registration fee for property in Railway Colony Ward No.12 Door No.1-43a

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. It is important to note that the 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 Railway Colony Ward No.12 Door No.1-43a?

The property falls under the jurisdiction of 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 further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Old Gummidipoondi. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When buying or selling property, the guideline value is assessed to ensure that the transaction is registered at a value that reflects the current market conditions. This helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value for Railway Colony Ward No.12 Door No.1-43a?

The current guideline value for Railway Colony Ward No.12 Door No.1-43a is Rs 330 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 97 per sq.ft to Rs 330 per sq.ft in 2024, marking an overall increase of 240% over the years.

What are the stamp duty and registration fees for this property?

The stamp duty for a property valued at Rs 3,30,000 would be Rs 23,100, and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which office handles the registration for this area?

The Gummidipoondi Sub Registrar Office is responsible for property registrations in Railway Colony Ward No.12 Door No.1-43a.

Are there other streets with different guideline values in Old Gummidipoondi?

Yes, there are several other streets in Old Gummidipoondi with varying guideline values, ranging from Rs 220 to Rs 1,210 per sq.ft.