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Guideline Value for Vivekananda 4th Street Ward No.13 Door No.1-13

₹660/sq.ft.

The guideline value for Vivekananda 4th Street Ward No.13 Door No.1-13 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 ₹146 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹128 /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 Vivekananda 4th Street Ward No.13 Door No.1-13

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Vivekananda 4th Street Ward No.13 Door No.1-13 guideline value

The current guideline value for Vivekananda 4th Street Ward No.13 Door No.1-13 is Rs 660 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 II Type - I.

How the guideline value of Vivekananda 4th Street Ward No.13 Door No.1-13 has changed

The guideline value for this street has undergone several revisions over the years. In 2002, the guideline value was Rs 128 per sq.ft, which increased to Rs 146 per sq.ft in 2003. The value saw a significant rise to Rs 400 per sq.ft in 2007, followed by an increase to Rs 600 per sq.ft in 2012. However, it dropped to Rs 402 per sq.ft in 2017 before climbing to Rs 600 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 660 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The period from 2012 to 2017 saw a decrease of 33%. The increase from 2007 to 2012 was 50%, while the rise from 2003 to 2007 was substantial at 174%. Overall, from 2002 to 2024, the guideline value has increased by 416%.

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 Vivekananda 4th Street. Below are some other streets in Old Gummidipoondi:

Stamp duty and registration fee for property in Vivekananda 4th Street Ward No.13 Door No.1-13

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 at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total charges Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Vivekananda 4th Street Ward No.13 Door No.1-13?

The Vivekananda 4th Street Ward No.13 Door No.1-13 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

The guideline value is a crucial factor when buying or selling property in Old Gummidipoondi. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during property transactions. Buyers should be aware that the guideline value may differ from the actual sale price, and the duty will be charged on the higher of the two.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, helping to maintain transparency in real estate dealings. It is essential for both buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Vivekananda 4th Street Ward No.13 Door No.1-13?

The current guideline value for Vivekananda 4th Street Ward No.13 Door No.1-13 is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 128 per sq.ft in 2002 to Rs 660 per sq.ft in 2024, marking an overall increase of 416% over the years.

What is the land classification for this property?

The land classification for Vivekananda 4th Street Ward No.13 Door No.1-13 is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this property?

The Gummidipoondi Sub Registrar Office covers this property, 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 1,000 sq.ft plot at the current rate, the total guideline value is Rs 6,60,000, leading to a stamp duty of Rs 46,200.