Guideline Value for Railway Station Road Ward No.11 Door No.1-69

Railway Station Road Ward No.11 Door No.1-69 guideline value

The current guideline value for Railway Station Road Ward No.11 Door No.1-69 is Rs 1,210 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 Special Type - I.

How the guideline value of Railway Station Road Ward No.11 Door No.1-69 has changed

The guideline value for Railway Station Road Ward No.11 Door No.1-69 has seen several revisions over the years. The earliest figure available is from 2002, which was Rs 172 per sq.ft. This value increased significantly to Rs 296 per sq.ft in 2003, marking a 72% increase. The following revisions saw the value rise to Rs 1,000 per sq.ft in 2007, a 238% increase from 2003. In 2012, the value remained at Rs 1,100 per sq.ft, but then decreased to Rs 737 per sq.ft in 2017, reflecting a 33% drop. From 2017 to 2023, the value rose sharply to Rs 1,100 per sq.ft, and then to Rs 1,210 per sq.ft in 2024, a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 603%. The register has no figure for the years not mentioned in the revisions above.

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 for these streets is Rs 660 per sq.ft, placing the guideline value for Railway Station Road Ward No.11 Door No.1-69 above this median.

• Railwaystation Quarters Road: Rs 1,210 per sq.ft (2024)
• Railway Colony Ward No.12 Door No.1-43a: Rs 330 per sq.ft (2024)
• Prabu Nagar Ward No.9 Door No.1-60: Rs 660 per sq.ft (2024)
• Prabhu Nagar: Rs 660 per sq.ft (2024)
• Pillayar Koil Street Ward No.10 Door No.1-24a: Rs 660 per sq.ft (2024)
• Rettambedu Road Ward No.1 Door No.1-36: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Railway Station Road Ward No.11 Door No.1-69

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Railway Station Road Ward No.11 Door No.1-69?

The Sub Registrar Office that covers Railway Station Road Ward No.11 Door No.1-69 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 essential factor in the registration process when buying or selling property in Old Gummidipoondi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the guideline value helps in assessing the legal value of the property, which is crucial for both buyers and sellers. It is important to be aware of the current guideline value to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value for Railway Station Road Ward No.11 Door No.1-69?

The current guideline value for Railway Station Road Ward No.11 Door No.1-69 is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced several revisions, increasing from Rs 172 per sq.ft in 2002 to Rs 1,210 per sq.ft in 2024, representing a total increase of 603% over the years.

What is the land classification for this property?

The land classification for Railway Station Road Ward No.11 Door No.1-69 is Residential Special Type - I.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for Railway Station Road Ward No.11 Door No.1-69 is the Gummidipoondi Sub Registrar Office, 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 guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,10,000, the stamp duty at 7% would be Rs 84,700.