Guideline Value for Saranya Nagar Ward No.9 Door No.1-4

Saranya Nagar Ward No.9 Door No.1-4 guideline value

The current guideline value for Saranya Nagar Ward No.9 Door No.1-4 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. The land classification is Residential Class II Type - I.

How the guideline value of Saranya Nagar Ward No.9 Door No.1-4 has changed

The guideline value for Saranya Nagar Ward No.9 Door No.1-4 has seen various revisions over the years. In 2002, the guideline value was Rs 190 per sq.ft, which increased to Rs 216 per sq.ft in 2003. Following this, the value rose significantly to Rs 400 per sq.ft in 2007, and then to Rs 600 per sq.ft in 2012. However, it decreased to Rs 402 per sq.ft in 2017 before climbing to Rs 600 per sq.ft again in 2023. The most recent revision in 2024 set the value at Rs 660 per sq.ft, marking a 10% increase from the previous year.

Overall, the guideline value has increased by 247% from 2002 to 2024. The changes between the revisions are notable; from 2017 to 2023, there was a 49% increase, while the period from 2012 to 2017 saw a decrease of 33%. The increase from 2007 to 2012 was 50%, and the jump from 2003 to 2007 was 85%. The increase from 2002 to 2003 was 14%.

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 guideline value is Rs 660 per sq.ft, which is equal to the current figure for Saranya Nagar Ward No.9 Door No.1-4.

• Santhu Street Ward No.2 Door No.1-35: Rs 330 per sq.ft (2024)
• Rettambedu Road Ward No.1 Door No.1-36: Rs 330 per sq.ft (2024)
• Shirdi Sai Baba Nagar: Rs 330 per sq.ft (2024)
• Shree Ragavandhira City: Rs 660 per sq.ft (2024)
• Sipcot Industrial Estate: Rs 330 per sq.ft (2024)
• Railway Station Road Ward No.11 Door No.1-69: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Saranya Nagar Ward No.9 Door No.1-4

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, resulting in a total fee of Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saranya Nagar Ward No.9 Door No.1-4?

The Sub Registrar Office that covers Saranya Nagar Ward No.9 Door No.1-4 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 plays a crucial role in the registration process when buying or selling property in Old Gummidipoondi. It serves as a reference point for determining the stamp duty and registration fees that need to be paid to the government during the transaction.

When a property is registered, the guideline value is considered to ensure that the correct fees are collected based on the property's value. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Saranya Nagar Ward No.9 Door No.1-4?

The current guideline value for Saranya Nagar Ward No.9 Door No.1-4 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, representing an overall increase of 247%.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current rate, the stamp duty is Rs 46,200 and the registration fee is Rs 13,200, totaling Rs 59,400.

Which office handles the registration of properties in Saranya Nagar?

The Gummidipoondi Sub Registrar Office handles the registration of properties in Saranya Nagar Ward No.9 Door No.1-4.

What is the land classification for Saranya Nagar Ward No.9 Door No.1-4?

The land classification for Saranya Nagar Ward No.9 Door No.1-4 is Residential Class II Type - I.