Guideline Value for GOMATHI AMMAN NAGAR ANNEX- XX

Gomathi Amman Nagar Annex- Xx guideline value

The current guideline value of Gomathi Amman Nagar Annex- Xx is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in Ikkadu village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - III.

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

The guideline value for Gomathi Amman Nagar Annex- Xx has undergone several revisions over the years. The most recent revisions show that in 2024, the value is Rs 300 per sq.ft, which is the same as the 2023 revision. In 2017, the value was Rs 201 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The 2012 revision also had a value of Rs 300 per sq.ft, which represents a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

For the years 2002, 2003, and 2007, the register has no figure for this street. The historical revisions highlight the fluctuations in guideline values, with the most recent revisions showing stability in the current rate.

Guideline values in Ikkadu

In Ikkadu, there are 51 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,400 per sq.ft, with a median value of Rs 400 per sq.ft. Gomathi Amman Nagar Annex- Xx's current guideline value of Rs 300 per sq.ft is below this median.

• G.G. Nagar: Rs 400 per sq.ft (2024)
• Jaihind Nagar: Rs 400 per sq.ft (2024)
• Elumalai Garden: Rs 626 per sq.ft (2024)
• Kalyana Kuppam Street: Rs 300 per sq.ft (2024)
• Karpagatharu Nagar-Phase-II: Rs 500 per sq.ft (2024)
• Keizpathy Street: Rs 400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. 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 Gomathi Amman Nagar Annex- Xx?

The Gomathi Amman Nagar Annex- Xx falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ikkadu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property sales.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is fair and transparent, reflecting the property's value according to the government's records.

Frequently asked questions

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

The current guideline value of Gomathi Amman Nagar Annex- Xx is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023 and 2024, showing an overall change of 0% from 2012 to 2024.

What is the land classification of Gomathi Amman Nagar Annex- Xx?

The land classification for Gomathi Amman Nagar Annex- Xx is Residential Class II Type - III.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total fees would amount to Rs 27,000.

Which office handles the registration for Gomathi Amman Nagar Annex- Xx?

The registration for Gomathi Amman Nagar Annex- Xx is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.