Guideline Value for Vivekananda Ist Street Ward No.13 Door No.1-17

Vivekananda Ist Street Ward No.13 Door No.1-17 guideline value

The current guideline value for Vivekananda Ist Street Ward No.13 Door No.1-17 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 Ist Street Ward No.13 Door No.1-17 has changed

The guideline value for this street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 128 per sq.ft, which increased to Rs 146 per sq.ft in 2003. The value saw a significant jump to Rs 400 per sq.ft in 2007, followed by an increase to Rs 600 per sq.ft in 2012. However, it decreased to Rs 402 per sq.ft in 2017. The value then rose to Rs 600 per sq.ft in 2023 and is currently set at Rs 660 per sq.ft from 1 July 2024. Notably, there are no figures recorded for this street in revisions prior to 2002 or after 2024.

In terms of percentage changes, the guideline value increased by 14% from 2002 to 2003, followed by a remarkable 174% increase from 2003 to 2007. The value then saw a 50% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. 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 for these streets is Rs 660 per sq.ft, which aligns with the current guideline value for Vivekananda Ist Street Ward No.13 Door No.1-17.

• Vivekananda 9th Street Ward No.13 Door No.1-13: Rs 660 per sq.ft (2024)
• 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 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 Ist Street Ward No.13 Door No.1-17

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, making the total fees 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 Vivekananda Ist Street Ward No.13 Door No.1-17?

The Vivekananda Ist Street Ward No.13 Door No.1-17 is covered by the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201. 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 plays a crucial role in the registration process when buying or selling property in Old Gummidipoondi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these fees are accurately assessed based on the property's value.

When a property transaction occurs, the guideline value is referenced to determine the applicable fees. Buyers and sellers should be aware that the guideline value may differ from the sale price, and the higher of the two will be used for calculating the necessary duties and fees during registration.

Frequently asked questions

What is the current guideline value for Vivekananda Ist Street Ward No.13 Door No.1-17?

The current guideline value for Vivekananda Ist Street Ward No.13 Door No.1-17 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 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 Ist Street Ward No.13 Door No.1-17 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.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,60,000, the stamp duty would be calculated at 7% of that amount.