Guideline Value for GOMATHI AMMAN NAGAR

Gomathi Amman Nagar guideline value

The current guideline value of Gomathi Amman Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Athamanacheri village and falls under the Ponneri Sub Registrar Office (SRO). The land classification for this area is Residential Class II 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 earliest recorded revision is from 2017, where the value was Rs 67 per sq.ft. This was followed by the 2023 revision, which maintained the value at Rs 100 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The latest revision in 2024 also holds the guideline value at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The overall change from the 2017 revision to the 2024 revision reflects an increase of 49%.

Guideline values in Athamanacheri

Currently, there are no specific village figures provided for Athamanacheri. Gomathi Amman Nagar is the only street listed in this area under the Ponneri SRO.

Stamp duty and registration fee for property in Gomathi Amman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is essential 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, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Athamanacheri. It serves as a reference for determining the stamp duty and registration fees payable at the time of property transfer.

When buying or selling property, it is important to ensure that the transaction value is in line with the guideline value to avoid any discrepancies during registration. The guideline value is a standardized measure that helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Gomathi Amman Nagar?

The current guideline value of Gomathi Amman Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and 2024, reflecting a total increase of 49% over this period.

Are there any figures available for earlier revisions?

No figures are available for the revisions in 2002, 2003, 2007, and 2012 for Gomathi Amman Nagar.

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

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which office handles the registration of properties in Gomathi Amman Nagar?

The Ponneri Sub Registrar Office handles the registration of properties in Gomathi Amman Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.