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Guideline Value for Vivekananda 5th Street Ward No.13 Door No.1-14B

₹660/sq.ft.

The guideline value for Vivekananda 5th Street Ward No.13 Door No.1-14b 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 5th Street Ward No.13 Door No.1-14b

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Vivekananda 5th Street Ward No.13 Door No.1-14B guideline value

The current guideline value for Vivekananda 5th Street Ward No.13 Door No.1-14B 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 Vivekananda 5th Street Ward No.13 Door No.1-14B has changed

Over the years, the guideline value for Vivekananda 5th Street has seen several revisions. Starting from the 2002 revision, the value was Rs 128 per sq.ft. This increased to Rs 146 per sq.ft in 2003, marking a 14% rise. The value continued to increase significantly to Rs 400 per sq.ft in 2007, which was a 174% increase from the previous figure. The 2012 revision saw the value at Rs 600 per sq.ft, reflecting a 50% increase. However, the 2017 revision decreased the value to Rs 402 per sq.ft, a drop of 33%. In 2023, the value was revised to Rs 600 per sq.ft, and the most recent revision in 2024 set the value at Rs 660 per sq.ft, which is a 10% increase from the previous year.

In summary, from the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2002 to 2024, the guideline value has increased by 416%. There are no figures available for revisions in years other than those stated.

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, which is equal to the guideline value of Vivekananda 5th Street.

Stamp duty and registration fee for property in Vivekananda 5th Street Ward No.13 Door No.1-14B

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 is charged at 7%, which totals Rs 46,200, and the registration fee is 2%, amounting to Rs 13,200. Together, the total cost for stamp duty and registration fee is 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 more details.

Which Sub Registrar Office covers Vivekananda 5th Street Ward No.13 Door No.1-14B?

The Vivekananda 5th Street Ward No.13 Door No.1-14B is covered by the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an important reference when buying or selling property in Old Gummidipoondi. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price of the property.

During registration, the authorities will charge stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected.

Frequently asked questions

What is the current guideline value for Vivekananda 5th Street Ward No.13 Door No.1-14B?

The current guideline value for Vivekananda 5th Street Ward No.13 Door No.1-14B is Rs 660 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 128 per sq.ft in 2002 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 416% over the years.

What is the land classification for this property?

The land classification for Vivekananda 5th Street Ward No.13 Door No.1-14B is Residential Class II Type - I.

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 is the stamp duty calculated for property in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total stamp duty of Rs 46,200.