Guideline Value

Corporate

Guideline Value for GOMATHIPURAM 1ST MAIN ROAD

₹750/sq.ft.

The guideline value for Gomathipuram 1st Main Road in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 750 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹750 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Gomathipuram 1st Main Road

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Gomathipuram 1st Main Road guideline value

The current guideline value of Gomathipuram 1st Main Road is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Gomathipuram 1st Main Road has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise over the six-year period. The most recent revision in 2024 saw the value rise to Rs 750 per sq.ft, representing a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value is Rs 750 per sq.ft, and Gomathipuram 1st Main Road's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Gomathipuram 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty is charged at 7%, which totals Rs 52,500, and the registration fee is 2%, amounting to Rs 15,000. Together, the total fees would be Rs 67,500. It is important to note that the 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 details on fees applicable to your property.

Which Sub Registrar Office covers Gomathipuram 1st Main Road?

The Gomathipuram 1st Main Road is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role during the registration process of property transactions in Thiruninravur-A. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This value must be considered by both buyers and sellers to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Gomathipuram 1st Main Road?

The current guideline value of Gomathipuram 1st Main Road is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

From the 2017 revision to the 2023 revision, the guideline value increased from Rs 469 per sq.ft to Rs 700 per sq.ft, a rise of 49%. The latest revision in 2024 increased it further to Rs 750 per sq.ft, marking a total increase of 60% from 2017 to 2024.

What are the other streets in Thiruninravur-A with the same guideline value?

Other streets in Thiruninravur-A that share the same guideline value of Rs 750 per sq.ft in 2024 include Gomathipuram 1st Cross St, Gomathipuram 2nd Cross St, Gomathipuram 2nd Main Road, Gomathipuram 3rd Cross St, Gomathipuram 4th Cross St, and Gomathipuram 5th Cross St.

What fees are associated with buying property on Gomathipuram 1st Main Road?

When purchasing property on Gomathipuram 1st Main Road, the buyer should consider stamp duty at 7% and a registration fee at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 67,500.

Where can I find the Sub Registrar Office for Gomathipuram 1st Main Road?

The Sub Registrar Office covering Gomathipuram 1st Main Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.