Guideline Value for Vivekananda 9th Street Ward No.13 Door No.1-13

Vivekananda 9th Street Ward No.13 Door No.1-13 guideline value

The current guideline value of Vivekananda 9th 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 falls under the Residential Class II Type - I land classification.

How the guideline value of Vivekananda 9th Street Ward No.13 Door No.1-13 has changed

Over the years, the guideline value for Vivekananda 9th Street Ward No.13 Door No.1-13 has seen several revisions. Starting from the 2002 revision, the guideline value was Rs 128 per sq.ft. It increased to Rs 146 per sq.ft in 2003, marking a 14% rise. The value further increased to Rs 400 per sq.ft in 2007, reflecting a significant 174% change. In 2012, the guideline value remained at Rs 600 per sq.ft, which was a decrease of 33% from the previous revision. The 2017 revision set the value at Rs 402 per sq.ft, and in 2023, it rose to Rs 600 per sq.ft, before reaching the current value of Rs 660 per sq.ft in 2024, which is a 10% increase from the previous year.

In summary, from 2002 to 2024, the overall increase in the guideline value is 416%. The revisions for the years 2012 and 2017 do not have figures listed for this street in the register.

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 matches the guideline value of Vivekananda 9th Street Ward No.13 Door No.1-13.

• Vivekananda 8th Street Ward No.13 Door No.1-9D: Rs 660 per sq.ft (2024)
• Vivekananda 7th Street Ward No.13 Door No.1-9: Rs 660 per sq.ft (2024)
• Vivekananda Ist Street Ward No.13 Door No.1-17: Rs 660 per sq.ft (2024)
• Vivekananda 6th Street Ward No.13 Door No.1-12: Rs 660 per sq.ft (2024)
• Vivekananda 5th Street Ward No.13 Door No.1-14B: Rs 660 per sq.ft (2024)
• Vivekananda 4th Street Ward No.13 Door No.1-13: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekananda 9th 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, resulting in a total of Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vivekananda 9th Street Ward No.13 Door No.1-13?

The Vivekananda 9th 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 aspect when registering property transactions in Old Gummidipoondi. It serves as a benchmark for determining the stamp duty and registration fees during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees, ensuring that the transaction adheres to the legal requirements set by the authorities. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Vivekananda 9th Street Ward No.13 Door No.1-13?

The current guideline value of Vivekananda 9th 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 changed significantly 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 are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,60,000. The stamp duty at 7% is Rs 46,200, and the registration fee at 2% is Rs 13,200, totaling Rs 59,400.

Which office handles the registration for this property?

The registration for Vivekananda 9th Street Ward No.13 Door No.1-13 is handled by the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201.

What is the land classification for this property?

The land classification for Vivekananda 9th Street Ward No.13 Door No.1-13 is Residential Class II Type - I.