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Guideline Value

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Guideline Value for Rettambedu Road Ward No.1 Door No.1-36

₹330/sq.ft.

The guideline value for Rettambedu Road Ward No.1 Door No.1-36 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 ₹95 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹83 /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 Rettambedu Road Ward No.1 Door No.1-36

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Rettambedu Road Ward No.1 Door No.1-36 guideline value

The current guideline value for Rettambedu Road Ward No.1 Door No.1-36 is Rs 330 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 is Residential Class III Type - I.

How the guideline value of Rettambedu Road Ward No.1 Door No.1-36 has changed

The guideline value for Rettambedu Road Ward No.1 Door No.1-36 has seen several revisions over the years. The earliest recorded value was Rs 83 per sq.ft in 2002, which increased to Rs 95 per sq.ft in 2003, marking a 14% rise. By 2007, the value further increased to Rs 150 per sq.ft, reflecting a 58% change. The 2012 revision recorded a value of Rs 300 per sq.ft, showing a significant 100% increase from the previous revision. However, in 2017, the value dropped to Rs 201 per sq.ft, a decrease of 33%.

In 2023, the guideline value rose to Rs 300 per sq.ft, and the most recent revision in 2024 set the value at Rs 330 per sq.ft, indicating a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 298% for this street.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO with 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 Rettambedu Road Ward No.1 Door No.1-36 is below this median.

Stamp duty and registration fee for property in Rettambedu Road Ward No.1 Door No.1-36

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total 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. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rettambedu Road Ward No.1 Door No.1-36?

The Rettambedu Road Ward No.1 Door No.1-36 falls under 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 a crucial factor during the registration of property transactions in Old Gummidipoondi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the registration process is standardized and transparent for all property transactions.

Frequently asked questions

What is the current guideline value for Rettambedu Road Ward No.1 Door No.1-36?

The current guideline value for Rettambedu Road Ward No.1 Door No.1-36 is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 83 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 298% over the years.

What is the land classification for this property?

The land classification for Rettambedu Road Ward No.1 Door No.1-36 is Residential Class III Type - I.

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 this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 3,30,000, the stamp duty at 7% would be Rs 23,100.