Guideline Value for GOMATHI AMMAN NAGAR- ANNEX-27

Gomathi Amman Nagar- Annex-27 guideline value

The current guideline value of Gomathi Amman Nagar- Annex-27 is Rs 879 per sq.ft, effective from 1 July 2024. This area is located in Periyakuppam village and falls under the Tiruvallur Joint 1 SRO. The land classification for this property is Residential Special Type - IV.

How the guideline value of Gomathi Amman Nagar- Annex-27 has changed

Over the years, the guideline value for Gomathi Amman Nagar- Annex-27 has seen several revisions. In 2012, the guideline value was Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in 2017. This was followed by a significant increase to Rs 800 per sq.ft in 2023, and finally, the current value stands at Rs 879 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007.

Between the revisions, the changes reflect a 33% decrease from 2012 to 2017, followed by a 49% increase from 2017 to 2023. The increase from 2023 to 2024 is 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Periyakuppam

In Periyakuppam village, there are 105 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing the 2024 figure for Gomathi Amman Nagar- Annex-27 below this median.

• Gopala Puram: Rs 1,320 per sq.ft (2024)
• Hare Ram Nagar: Rs 1,320 per sq.ft (2024)
• Heraram Street: Rs 1,100 per sq.ft (2024)
• Gandhi Puram-I & II: Rs 1,320 per sq.ft (2024)
• Gandhi Puram: Rs 1,320 per sq.ft (2024)
• Indira Gandhi Salai: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Gomathi Amman Nagar- Annex-27

For a 1,000 sq.ft plot at the current rate of Rs 879 per sq.ft, the guideline value amounts to Rs 8,79,000. The stamp duty at 7% would be Rs 61,530, while the registration fee at 2% would be Rs 17,580. Together, the total charges would be Rs 79,110. It is important to note that the 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- Annex-27?

The Gomathi Amman Nagar- Annex-27 area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property transaction occurs, the guideline value is assessed to calculate the applicable fees. Buyers should be aware that the duty is charged on the higher of the guideline value and the sale price, which may affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Gomathi Amman Nagar- Annex-27?

The current guideline value of Gomathi Amman Nagar- Annex-27 is Rs 879 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 879 per sq.ft in 2024.

What is the land classification for Gomathi Amman Nagar- Annex-27?

The land classification for Gomathi Amman Nagar- Annex-27 is Residential Special Type - IV.

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

For a 1,000 sq.ft plot, the guideline value is Rs 8,79,000. The stamp duty at 7% is Rs 61,530, and the registration fee at 2% is Rs 17,580, totaling Rs 79,110.

Which office handles property registrations for Gomathi Amman Nagar- Annex-27?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Gomathi Amman Nagar- Annex-27, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.