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 Kanavandurai village under the Ponneri SRO, classified as 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 in recent years. The 2017 revision set the value at Rs 67 per sq.ft. This figure increased to Rs 100 per sq.ft in the 2023 revision, marking a 49% increase from 2017. The 2024 revision maintained the 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 years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Kanavandurai

Currently, there are no specific village figures available for Kanavandurai. Gomathi Amman Nagar is the only street listed under the Ponneri SRO, and there are no other streets in Kanavandurai provided in the available data.

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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that 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 specific calculations.

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. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kanavandurai. It is the basis for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the correct amount of revenue based on the property's value.

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 increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and it remained at Rs 100 per sq.ft in 2024. This represents a 49% increase from 2017 to 2024.

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

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Gomathi Amman Nagar located?

The Ponneri Sub Registrar Office covers Gomathi Amman Nagar and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

Are there any other streets in Kanavandurai under the Ponneri SRO?

Currently, there are no other streets listed under the Ponneri SRO in Kanavandurai besides Gomathi Amman Nagar.