Guideline Value for GOMATHI AMMAN NAGAR ANNEX- I

Gomathi Amman Nagar Annex- I guideline value

The current guideline value of Gomathi Amman Nagar Annex- I is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village and falls under the Chengleput Joint II SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Gomathi Amman Nagar Annex- I has changed

The guideline value for Gomathi Amman Nagar Annex- I has seen several revisions over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a 200% rise. However, it dropped to Rs 402 per sq.ft in the 2017 revision, a decrease of 33%. The value remained at Rs 600 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 600 per sq.ft. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 200%.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,600 per sq.ft, with a median of Rs 600 per sq.ft. The guideline value for Gomathi Amman Nagar Annex- I matches this median.

• Gomathi Amman Nagar Annex: Rs 600 per sq.ft (2024)
• Green Hill Avenue: Rs 850 per sq.ft (2024)
• Ganesh Gardens: Rs 800 per sq.ft (2024)
• Friends Avenue: Rs 600 per sq.ft (2024)
• Iniya Nagar: Rs 800 per sq.ft (2024)
• Jawhars Emerald Garden: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Gomathi Amman Nagar Annex- I

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. It is important to note that the 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 Gomathi Amman Nagar Annex- I?

The Gomathi Amman Nagar Annex- I is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Kolathur. It serves as a baseline for determining the applicable stamp duty and registration fees, ensuring that these charges are calculated based on the official guideline figures.

When buying or selling property, the guideline value is used to assess the minimum price at which a property can be registered. This helps maintain transparency and fairness in property transactions, aligning the registration process with the established values in the area.

Frequently asked questions

What is the current guideline value of Gomathi Amman Nagar Annex- I?

The current guideline value of Gomathi Amman Nagar Annex- I is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 200 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreasing to Rs 402 per sq.ft in 2017, and remaining at Rs 600 per sq.ft in both 2023 and 2024.

What is the land classification for Gomathi Amman Nagar Annex- I?

The land classification for Gomathi Amman Nagar Annex- I is Residential Special Type - I.

Where can I find the registration office for Gomathi Amman Nagar Annex- I?

The registration office that covers Gomathi Amman Nagar Annex- I is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Gomathi Amman Nagar Annex- I?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.