Guideline Value for Railwaystation Quarters Road

Railwaystation Quarters Road guideline value

The current guideline value of Railwaystation Quarters Road is Rs 1,210 per sq.ft, effective from 1 July 2024. This road is located in Old Gummidipoondi village under the Gummidipoondi SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Railwaystation Quarters Road has changed

The guideline value for Railwaystation Quarters Road has seen several revisions over the years. In 2012, the value was Rs 1,100 per sq.ft, which then decreased to Rs 737 per sq.ft in 2017. In 2023, the value increased to Rs 1,100 per sq.ft, followed by a rise to Rs 1,210 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The fluctuations in the guideline value reflect changes in the local real estate landscape.

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, placing Railwaystation Quarters Road's 2024 figure above this median.

• Railway Station Road Ward No.11 Door No.1-69: 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 Railwaystation Quarters Road

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, resulting in a total of Rs 1,08,900. It is important to note that the stamp 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 Railwaystation Quarters Road?

The Railwaystation Quarters Road 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 is a critical factor when registering property transactions in Old Gummidipoondi. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value to ensure compliance with legal requirements. The guideline value helps in assessing the financial obligations involved in the transaction, making it a vital aspect of property dealings.

Frequently asked questions

What is the current guideline value of Railwaystation Quarters Road?

The current guideline value of Railwaystation Quarters Road 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 changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the land classification for Railwaystation Quarters Road?

Railwaystation Quarters Road is classified as Residential Special Type - I under the Gummidipoondi SRO.

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 stamp duty calculated for properties in Railwaystation Quarters Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 1,08,900.