Guideline Value for GOMATHIPURAM 7TH CROSS ST

Gomathipuram 7th Cross St guideline value

The current guideline value of Gomathipuram 7th Cross St is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO, and it falls under the Residential Class II Type - III land classification.

How the guideline value of Gomathipuram 7th Cross St has changed

The guideline value for Gomathipuram 7th Cross St has seen significant changes over the years. The 2017 revision recorded a value of Rs 469 per sq.ft, which increased 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 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. 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-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the current guideline value of Gomathipuram 7th Cross St.

• Gomathipuram 6th Cross St: Rs 770 per sq.ft (2024)
• Gomathipuram 8th Cross St: Rs 770 per sq.ft (2024)
• Gomathipuram 5th Cross St: Rs 770 per sq.ft (2024)
• Gomathipuram 9th Cross St: Rs 770 per sq.ft (2024)
• Gomathipuram 4th Cross St: Rs 770 per sq.ft (2024)
• Gomathipuram Other Streets: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Gomathipuram 7th Cross St

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gomathipuram 7th Cross St?

The Gomathipuram 7th Cross St 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-B

The guideline value is a crucial factor in property transactions in Thiruninravur-B, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a reference point for calculating the applicable duties. It is essential for both parties to be aware of the guideline value to avoid discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Gomathipuram 7th Cross St?

The current guideline value of Gomathipuram 7th Cross St is Rs 770 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 770 per sq.ft in 2024, which is a total increase of 64% over the years.

What is the land classification for Gomathipuram 7th Cross St?

Gomathipuram 7th Cross St is classified under Residential Class II Type - III.

Where can I find the registration office for this area?

The registration office covering Gomathipuram 7th Cross St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 770 per sq.ft would incur a stamp duty of Rs 53,900.