Guideline Value for GOMATHI AMMAN NAGAR

Gomathi Amman Nagar guideline value

The current guideline value of Gomathi Amman Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Aaladu village, under the Ponneri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Gomathi Amman Nagar has changed

The guideline value for Gomathi Amman Nagar has undergone several revisions over the years. The 2017 revision recorded a value of Rs 134 per sq.ft, which increased to Rs 200 per sq.ft in the 2023 revision. There has been a significant increase of 49% from 2017 to 2023. The 2024 revision also maintains the value at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Aaladu

Aaladu village features a range of guideline values across its 13 streets under the Ponneri SRO, with values ranging from Rs 200 to Rs 400 per sq.ft. The median guideline value in this area is Rs 200 per sq.ft, which is the same as the 2024 figure for Gomathi Amman Nagar.

• Illahi Nagar: Rs 200 per sq.ft (2024)
• Jayam Housing Site: Rs 200 per sq.ft (2024)
• Duraiswami Nagar: Rs 200 per sq.ft (2024)
• Annamalai Nagar: Rs 200 per sq.ft (2024)
• Annai Nagar: Rs 200 per sq.ft (2024)
• Abirami Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Gomathi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. 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?

The Sub Registrar Office that covers Gomathi Amman Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Aaladu. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately, reflecting the legal value of the property as per government regulations. This value serves as a benchmark for taxation purposes and is essential for both buyers and sellers to understand.

Frequently asked questions

What is the current guideline value of Gomathi Amman Nagar?

The current guideline value of Gomathi Amman Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both 2023 and 2024, marking a 49% increase over this period.

Are there any years without recorded figures for Gomathi Amman Nagar?

Yes, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Gomathi Amman Nagar.

What is the registration office for Gomathi Amman Nagar?

The registration office for Gomathi Amman Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 200 per sq.ft would incur a total stamp duty and registration fee of Rs 18,000.