Guideline Value for GOMATHI AMMAN NAGAR ANNEX-23

Gomathi Amman Nagar Annex-23 guideline value

The current guideline value of Gomathi Amman Nagar Annex-23 is Rs 300 per sq.ft. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class III Type - II.

How the guideline value of Gomathi Amman Nagar Annex-23 has changed

The guideline value for Gomathi Amman Nagar Annex-23 has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. However, in the 2017 revision, it decreased to Rs 201 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the guideline value increase to Rs 300 per sq.ft, reflecting a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 300 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. Gomathi Amman Nagar Annex-23 is the only street referenced in the guideline value register under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Gomathi Amman Nagar Annex-23

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty, charged at 7%, would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000. Therefore, the total cost for stamp duty and registration would be Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gomathi Amman Nagar Annex-23?

The Gomathi Amman Nagar Annex-23 is covered by 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 Thozhuvur

When buying or selling property in Thozhuvur, the guideline value is a crucial factor in determining the registration fees and stamp duty. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property transactions, including any additional fees that may apply during the registration process.

Frequently asked questions

What is the current guideline value of Gomathi Amman Nagar Annex-23?

The current guideline value of Gomathi Amman Nagar Annex-23 is Rs 300 per sq.ft as per the 2023 revision.

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, and then back to Rs 300 per sq.ft in 2023. This represents a decrease of 33% from 2012 to 2017 and an increase of 49% from 2017 to 2023.

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

The stamp duty for property in Gomathi Amman Nagar Annex-23 is 7%, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total cost for these fees would be Rs 27,000.

Which Sub Registrar Office covers Gomathi Amman Nagar Annex-23?

The Tiruvallur Joint 1 Sub Registrar Office covers Gomathi Amman Nagar Annex-23, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

Are there other streets in Thozhuvur with guideline values?

Currently, there are no other streets in Thozhuvur listed in the guideline value register under the Tiruvallur Joint 1 SRO.