Guideline Value for GOMATHI STAR CITY
₹2750/sq.ft.
The guideline value for Gomathi Star City in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Madambakkam
Village
Selaiyur
SRO
Commercial Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2750 /sq.ft. |
| From 1-4-2023 | ₹2500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1675 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹2500 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]
Records for a plot on Gomathi Star City
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Gomathi Star City guideline value
The current guideline value of Gomathi Star City is Rs 2,750 per sq.ft, effective from 1 July 2024. It is located in Madambakkam village under the Selaiyur SRO, classified as Commercial Class I Type - I.
How the guideline value of Gomathi Star City has changed
The guideline value for Gomathi Star City has seen several revisions over the years. In 2012, the value was Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then to Rs 2,750 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.
From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.
Guideline values in Madambakkam
In Madambakkam, there are 1,151 streets under the Selaiyur SRO carrying a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. Gomathi Star City's 2024 figure is above this median.
- Gopal Street: Rs 2,750 per sq.ft (2024)
- Gnanatha Nagar South Main Road: Rs 2,750 per sq.ft (2024)
- Gnanatha Nagar North Main Road: Rs 2,750 per sq.ft (2024)
- Gnanatha Nagar Main Road: Rs 2,750 per sq.ft (2024)
- Gnanatha Nagar-Ganapathy Nagar Joint Road: Rs 2,750 per sq.ft (2024)
- Gnanatha Nagar Cross Street: Rs 2,750 per sq.ft (2024)
Stamp duty and registration fee for property in Gomathi Star City
For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
You can also use the stamp duty and registration fee calculator for more detailed calculations.
Which Sub Registrar Office covers Gomathi Star City?
The Gomathi Star City falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. To find your SRO, visit find your SRO.
How the guideline value is used when you buy or sell in Madambakkam
The guideline value is a crucial factor when registering property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring transparency in property dealings.
When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.
Frequently asked questions
What is the current guideline value of Gomathi Star City?
The current guideline value of Gomathi Star City is Rs 2,750 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.
What is the median guideline value in Madambakkam?
The median guideline value in Madambakkam is Rs 2,400 per sq.ft, with Gomathi Star City's value being above this median.
What are the stamp duty and registration fees for property in Gomathi Star City?
For a property valued at Rs 27,50,000, the stamp duty at 7% is Rs 1,92,500, and the registration fee at 2% is Rs 55,000, totaling Rs 2,47,500.
Which office handles property registrations for Gomathi Star City?
The Selaiyur Sub Registrar Office handles property registrations for Gomathi Star City, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.
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