Guideline Value for Tapal Street Ward No.4 Dor No.121-156

Tapal Street Ward No.4 Dor No.121-156 guideline value

The current guideline value for Tapal Street Ward No.4 Dor No.121-156 is Rs 660 per sq.ft. This property is located in Old Gummidipoondi village, under the Gummidipoondi SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Tapal Street Ward No.4 Dor No.121-156 has changed

The guideline value for this street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 117 per sq.ft, which increased to Rs 133 per sq.ft in 2003. This marked a rise of 14%. The value then saw a significant increase to Rs 400 per sq.ft in 2007, reflecting a 201% change. In 2012, it remained at Rs 600 per sq.ft, showing no figure for this street in the 2012 revision. The 2017 revision saw a decrease to Rs 402 per sq.ft, which was a drop of 33%. This was followed by a substantial increase to Rs 600 per sq.ft in the 2023 revision, and finally, the current value stands at Rs 660 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 464%. The revisions indicate fluctuations in the value, with the most notable rise occurring between 2003 and 2007, and a significant increase from 2017 to 2023.

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, which is equal to the 2024 figure for Tapal Street Ward No.4 Dor No.121-156.

• Tapal Street Ward No.3 Door No.1-20: Rs 660 per sq.ft (2024)
• St. Mary School Street Ward No.11 Door No.1-43: Rs 660 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 660 per sq.ft (2024)
• Srinivasa Colony: Rs 220 per sq.ft (2024)
• Tirukulam Street Ward No.8 Door No.1-26b: Rs 330 per sq.ft (2024)
• Vadugha Colony Ward No.5 Door No.1-8: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Tapal Street Ward No.4 Dor No.121-156

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, calculated at 7%, would be Rs 46,200, and the registration fee at 2% would be Rs 13,200. Together, the total cost for stamp duty and registration fees would be Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tapal Street Ward No.4 Dor No.121-156?

The Sub Registrar Office that covers Tapal Street Ward No.4 Dor No.121-156 is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Old Gummidipoondi. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When registering a property, the guideline value will be used to calculate the necessary fees, which are mandatory for the legal transfer of property ownership. It is essential for both parties in a transaction to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Tapal Street Ward No.4 Dor No.121-156?

The current guideline value for Tapal Street Ward No.4 Dor No.121-156 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 significantly from Rs 117 per sq.ft in 2002 to the current Rs 660 per sq.ft in 2024, reflecting an overall increase of 464% over this period.

What is the land classification for Tapal Street Ward No.4 Dor No.121-156?

This property is classified under Residential Class II Type - I, which is a designation used for residential purposes in the area.

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 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 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.