Guideline Value for GOMATHI AMMAN NAGAR EXTENSION

Gomathi Amman Nagar Extension guideline value

The current guideline value of Gomathi Amman Nagar Extension is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Natham village and falls under the Arani_Tiruvallur SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Gomathi Amman Nagar Extension has changed

Over the years, the guideline value for Gomathi Amman Nagar Extension has seen several revisions. The earliest recorded revision is from 2017, where the guideline value was Rs 167 per sq.ft. In 2023, it was revised to Rs 250 per sq.ft, marking a 50% increase. The latest revision in 2024 maintained the guideline value at Rs 250 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Natham

Currently, no specific village figures are provided for Natham. Gomathi Amman Nagar Extension is included under the Arani_Tiruvallur SRO, but there are no other streets in Natham listed with guideline values.

Stamp duty and registration fee for property in Gomathi Amman Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is calculated at 7%, which comes to Rs 17,500, and the registration fee at 2% amounts to Rs 5,000. Therefore, the total cost for stamp duty and registration fee together is Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gomathi Amman Nagar Extension?

The Gomathi Amman Nagar Extension falls under the jurisdiction of the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Natham. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as determined by the government. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value of Gomathi Amman Nagar Extension is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023 and 2024, reflecting a 50% increase over the seven-year period.

What are the stamp duty and registration fees for property in Gomathi Amman Nagar Extension?

For a property valued at Rs 2,50,000, the stamp duty is Rs 17,500 and the registration fee is Rs 5,000, totaling Rs 22,500. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers this area?

The Arani_Tiruvallur Sub Registrar Office covers Gomathi Amman Nagar Extension, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

Are there other streets in Natham with guideline values?

No specific guideline values are provided for other streets in Natham, and Gomathi Amman Nagar Extension is the only street mentioned under the Arani_Tiruvallur SRO.