Guideline Value

Corporate

Guideline Value for GOMATHIPURAM 4TH CROSS ST

₹750/sq.ft.

The guideline value for Gomathipuram 4th Cross St 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 4th Cross St

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Gomathipuram 4th Cross St guideline value

The current guideline value of Gomathipuram 4th Cross St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Gomathipuram 4th Cross St has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 750 per sq.ft, reflecting 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 there are no figures available for Gomathipuram 4th Cross St for the years 2002, 2003, 2007, and 2012.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which matches the current value for Gomathipuram 4th Cross St.

Stamp duty and registration fee for property in Gomathipuram 4th Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total cost for these fees to Rs 67,500. It is important to note that 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 Gomathipuram 4th Cross St?

The Gomathipuram 4th Cross St falls under the Avadi Sub Registrar Office. The office is 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 is a crucial metric used during the registration of property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to ensure they are paying a fair price and to comply with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Gomathipuram 4th Cross St?

The current guideline value of Gomathipuram 4th Cross St is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024, which is a total increase of 60% over this period.

What are the stamp duty and registration fees for properties on this street?

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 52,500, and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which office handles registrations for Gomathipuram 4th Cross St?

The Avadi Sub Registrar Office handles registrations for Gomathipuram 4th Cross St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value?

The guideline value is used to determine the minimum price for property registration and ensures that the correct stamp duty and registration fees are collected by the government during property transactions.