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 Somananchjeri village under the Ponneri SRO and is 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 over the years. In the 2017 revision, the value was set at Rs 67 per sq.ft. This figure remained unchanged in the 2023 revision, but in the 2024 revision, it increased to Rs 100 per sq.ft, representing an overall increase of 49% from 2017 to 2024.

Between the 2023 and 2024 revisions, there was no change in the guideline value, maintaining the rate at Rs 100 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Somananchjeri

Currently, there are no specific village figures available for Somananchjeri. Gomathi Amman Nagar is the only street mentioned in the context of the Ponneri SRO.

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 the duty is charged on the higher of the guideline value or the sale price.

For more details, 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 more information by visiting find your SRO.

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

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

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

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?

Since 2017, the guideline value has increased from Rs 67 per sq.ft to Rs 100 per sq.ft in 2024, marking an overall increase of 49%.

Is there a guideline value for previous years?

There are no figures available for the years 2002, 2003, 2007, and 2012 for Gomathi Amman Nagar.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fee would be Rs 9,000.

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

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