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Guideline Value

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Guideline Value for Vettu Colony Ward No.5 Door No.70-88

₹660/sq.ft.

The guideline value for Vettu Colony Ward No.5 Door No.70-88 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.5 Door No.70-88

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Vettu Colony Ward No.5 Door No.70-88 guideline value

The current guideline value for Vettu Colony Ward No.5 Door No.70-88 is Rs 660 per sq.ft. This property is located in Old Gummidipoondi village, under the Gummidipoondi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vettu Colony Ward No.5 Door No.70-88 has changed

The guideline value for this property has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 190 per sq.ft. It increased to Rs 216 per sq.ft in 2003, marking a 14% rise. The value then rose to Rs 400 per sq.ft in 2007, reflecting an 85% increase. In 2012, the value was Rs 600 per sq.ft, which represented a 50% increase from the previous revision. However, in 2017, the value decreased to Rs 402 per sq.ft, showing a decline of 33%.

From 2017 to 2023, the guideline value increased significantly to Rs 600 per sq.ft, a rise of 49%. The most recent revision in 2024 set the value at Rs 660 per sq.ft, an increase of 10% from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 247%.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO that have 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 guideline value for Vettu Colony Ward No.5 Door No.70-88.

Stamp duty and registration fee for property in Vettu Colony Ward No.5 Door No.70-88

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, while the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to note that 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 Vettu Colony Ward No.5 Door No.70-88?

The Vettu Colony Ward No.5 Door No.70-88 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 serves as a benchmark for property transactions in Old Gummidipoondi. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

It is crucial for buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property registration. Ensuring that the property is valued correctly according to the guideline value helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Vettu Colony Ward No.5 Door No.70-88?

The current guideline value for Vettu Colony Ward No.5 Door No.70-88 is Rs 660 per sq.ft, effective from July 1, 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, showing an overall increase of 247%. The most recent revision was a 10% increase from Rs 600 per sq.ft in 2023.

What is the land classification for this property?

Vettu Colony Ward No.5 Door No.70-88 is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

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 are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. These fees are based on the higher of the guideline value or the sale price of the property.