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Guideline Value

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Guideline Value for V.M.2nd Street Ward No.10 Door No.1-55c

₹880/sq.ft.

The guideline value for V.m.2nd Street Ward No.10 Door No.1-55c in Old Gummidipoondi village (Gummidipoondi SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Old Gummidipoondi

Village

Gummidipoondi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹296 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹172 /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 V.m.2nd Street Ward No.10 Door No.1-55c

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V.M.2nd Street Ward No.10 Door No.1-55c guideline value

The current guideline value for V.M.2nd Street Ward No.10 Door No.1-55c is Rs 880 per sq.ft, effective from 1 July 2024. This property is located in Old Gummidipoondi village, under the Gummidipoondi SRO, and is classified as Residential Class I Type - I.

How the guideline value of V.M.2nd Street Ward No.10 Door No.1-55c has changed

The guideline value for this street has undergone several revisions over the years. The earliest recorded figure is from 2002, when the guideline value was Rs 172 per sq.ft. This increased to Rs 296 per sq.ft in 2003, marking a significant rise of 72%. The value continued to grow, reaching Rs 700 per sq.ft in 2007, which represented a 136% increase from the previous figure. In 2012, the value was Rs 800 per sq.ft, reflecting a decrease of 33% from the 2017 figure of Rs 536 per sq.ft. The 2023 revision set the value at Rs 800 per sq.ft, before the latest increase to Rs 880 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 412%. The register has no figures for the years not mentioned 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, with a median value of Rs 660 per sq.ft. The guideline value for V.M.2nd Street Ward No.10 Door No.1-55c is above this median.

Stamp duty and registration fee for property in V.M.2nd Street Ward No.10 Door No.1-55c

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty, calculated at 7%, would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, leading to a total of Rs 79,200. Duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.M.2nd Street Ward No.10 Door No.1-55c?

The Sub Registrar Office that covers V.M.2nd Street Ward No.10 Door No.1-55c 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 a crucial factor during the registration of property transactions in Old Gummidipoondi. It serves as a benchmark for determining the minimum price at which a property can be sold and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value assigned to the property by the government. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value for V.M.2nd Street Ward No.10 Door No.1-55c?

The current guideline value for V.M.2nd Street Ward No.10 Door No.1-55c is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 172 per sq.ft in 2002 to Rs 880 per sq.ft in 2024, showing an overall increase of 412% over the years.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, making a total of Rs 79,200.

Which office handles registrations for this area?

The Gummidipoondi Sub Registrar Office handles registrations for V.M.2nd Street Ward No.10 Door No.1-55c, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201.

What is the land classification for this property?

The land classification for V.M.2nd Street Ward No.10 Door No.1-55c is Residential Class I Type - I.