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Guideline Value

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Guideline Value for Vettu Colony Ward No.4 Door No.1-69

₹660/sq.ft.

The guideline value for Vettu Colony Ward No.4 Door No.1-69 in Old Gummidipoondi village (Gummidipoondi SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Old Gummidipoondi

Village

Gummidipoondi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹216 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹190 /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 Vettu Colony Ward No.4 Door No.1-69

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Vettu Colony Ward No.4 Door No.1-69 guideline value

The current guideline value for Vettu Colony Ward No.4 Door No.1-69 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 Vettu Colony Ward No.4 Door No.1-69 has changed

The guideline value for this property has undergone several revisions over the years. The earliest recorded value in 2002 was Rs 190 per sq.ft. This increased to Rs 216 per sq.ft in 2003, marking a change of +14%. The value then rose significantly to Rs 400 per sq.ft in 2007, reflecting an increase of +85%. In 2012, the value remained at Rs 600 per sq.ft, which was a decrease of -33% from the previous revision. The 2017 revision saw another increase to Rs 402 per sq.ft, followed by a substantial rise to Rs 600 per sq.ft in 2023, and finally reaching Rs 660 per sq.ft in the 2024 revision, which is a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +247%. Notably, there are no figures recorded for the years not mentioned in this context.

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 for these streets is Rs 660 per sq.ft, placing Vettu Colony Ward No.4 Door No.1-69 at the median value.

Stamp duty and registration fee for property in Vettu Colony Ward No.4 Door No.1-69

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. It is important 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 more details.

Which Sub Registrar Office covers Vettu Colony Ward No.4 Door No.1-69?

The Vettu Colony Ward No.4 Door No.1-69 is covered by 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

When buying or selling property in Old Gummidipoondi, the guideline value serves as a benchmark for determining the stamp duty and registration fees. This value is crucial during the registration process, ensuring that the correct fees are applied based on the property's assessed value.

It is essential to understand that the guideline value is not necessarily the sale price; rather, it is used to calculate the fees payable at the time of registration. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value for Vettu Colony Ward No.4 Door No.1-69?

The current guideline value for Vettu Colony Ward No.4 Door No.1-69 is Rs 660 per sq.ft as of the 2024 revision.

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, marking an overall increase of +247% over the years.

What is the registration office for Vettu Colony Ward No.4 Door No.1-69?

The Gummidipoondi Sub Registrar Office covers Vettu Colony Ward No.4 Door No.1-69, 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 at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a stamp duty of Rs 46,200.

What are the other streets with the same guideline value in Old Gummidipoondi?

Other streets in Old Gummidipoondi with the same guideline value of Rs 660 per sq.ft include Vettu Colony Ward No.5 Door No.70-88, Vivekananda 2nd Street Ward No.13 Door No.1-20, Vivekananda 3rd Street Ward No.13 Door No.1-9D, Vivekananda 4th Street Ward No.13 Door No.1-13, Vivekananda 5th Street Ward No.13 Door No.1-14B, and Vivekananda 6th Street Ward No.13 Door No.1-12.