Guideline Value for GOMATHI AMMAN NAGAR ANNEX

Gomathi Amman Nagar Annex guideline value

The current guideline value of Gomathi Amman Nagar Annex 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 street is Residential Special Type - I.

How the guideline value of Gomathi Amman Nagar Annex has changed

Over the years, the guideline value for Gomathi Amman Nagar Annex has seen several revisions. The 2007 revision set the value at Rs 350 per sq.ft, which increased to Rs 600 per sq.ft in 2012. The value then decreased to Rs 402 per sq.ft in 2017, before rising again to Rs 600 per sq.ft in both the 2023 and 2024 revisions, showing no change from 2023 to 2024.

From 2017 to 2023, the guideline value increased by 49%. The overall change from the 2007 revision to the 2024 revision reflects a growth of 71%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

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. The median value for these streets is Rs 600 per sq.ft, making Gomathi Amman Nagar Annex's 2024 figure equal to that median.

• Gomathi Amman Nagar Annex- I: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be 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 information.

Which Sub Registrar Office covers Gomathi Amman Nagar Annex?

The Gomathi Amman Nagar Annex falls under 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 further assistance.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal complications. This ensures transparency in property transactions and helps maintain accurate records within the registration system.

Frequently asked questions

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

The current guideline value of Gomathi Amman Nagar Annex 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 from Rs 350 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and returned to Rs 600 per sq.ft in both 2023 and 2024.

What is the land classification for Gomathi Amman Nagar Annex?

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

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft would incur a stamp duty of Rs 42,000.