Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for V.M.Ist Street Ward No.10 Door No.1-240

₹880/sq.ft.

The guideline value for V.m.ist Street Ward No.10 Door No.1-240 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.ist Street Ward No.10 Door No.1-240

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

V.M.Ist Street Ward No.10 Door No.1-240 guideline value

The current guideline value for V.M.Ist Street Ward No.10 Door No.1-240 is Rs 880 per sq.ft. 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.Ist Street Ward No.10 Door No.1-240 has changed

The guideline value for this street has undergone several revisions over the years. Starting from the 2002 revision, the 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 revision. By 2012, the guideline value remained at Rs 800 per sq.ft, showing no change from the previous year. However, in 2017, the value decreased to Rs 536 per sq.ft, reflecting a decline of 33%.

In the following years, the guideline value saw a notable increase. The 2023 revision set the value at Rs 800 per sq.ft, and the latest 2024 revision has increased it further to Rs 880 per sq.ft, a rise of 10%. Overall, from 2002 to 2024, the guideline value has increased by 412%.

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, indicating that V.M.Ist Street Ward No.10 Door No.1-240's 2024 figure is above that median.

Stamp duty and registration fee for property in V.M.Ist Street Ward No.10 Door No.1-240

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is essential to note that the 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 further calculations.

Which Sub Registrar Office covers V.M.Ist Street Ward No.10 Door No.1-240?

The property 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 more information.

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

The guideline value plays a crucial role during the registration of property transactions in Old Gummidipoondi. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that all transactions are conducted in accordance with the regulations set by the Registration Department.

It is important for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. The guideline value is updated periodically, reflecting changes in the local real estate market and ensuring that property transactions are fairly assessed for taxation purposes.

Frequently asked questions

What is the current guideline value for V.M.Ist Street Ward No.10 Door No.1-240?

The current guideline value for V.M.Ist Street Ward No.10 Door No.1-240 is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, starting from Rs 172 per sq.ft in 2002 to Rs 880 per sq.ft in 2024, which is an overall increase of 412%.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200.

Which office handles the registration for this property?

The Gummidipoondi Sub Registrar Office handles the registration for properties in this area, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

What is the median guideline value in Old Gummidipoondi?

The median guideline value in Old Gummidipoondi is Rs 660 per sq.ft, with V.M.Ist Street Ward No.10 Door No.1-240's 2024 value being above this median at Rs 880 per sq.ft.