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. This area is located in Perumbedu village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Gomathi Amman Nagar has changed

According to the guideline value register, there are no figures available for Gomathi Amman Nagar for the years 2002, 2003, 2007, and 2012. The guideline value was Rs 67 per sq.ft in the 2017 revision, which increased to Rs 100 per sq.ft in the 2023 revision, reflecting a change of +49%. The current guideline value from the 2024 revision, effective from 1 July 2024, remains at Rs 100 per sq.ft, indicating no change from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by +49%. The 2024 figure matches the median guideline value for the three streets in Perumbedu under the Ponneri SRO, which also stands at Rs 100 per sq.ft.

Guideline values in Perumbedu

In Perumbedu, there are three streets that carry a 2024 guideline value of Rs 100 per sq.ft, with the median also at Rs 100 per sq.ft. Gomathi Amman Nagar's 2024 figure is equal to this median.

• Bell Nagar: Rs 100 per sq.ft (2024)
• Annai Gomathy Amman Nagar: Rs 100 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 100 per sq.ft, the total guideline value would be 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 important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, 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 details.

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

The guideline value is a critical factor during the registration of property transactions in Perumbedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers adhere to the legal requirements set by the government.

When a property is bought or sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This process helps maintain transparency and standardization 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 remained at Rs 100 per sq.ft from 2023 to 2024. It increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, marking a +49% change overall from 2017 to 2024.

What is the land classification for Gomathi Amman Nagar?

Gomathi Amman Nagar is classified as Residential Class II Type - I according to the guideline value register.

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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Gomathi Amman Nagar?

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