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Guideline Value

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Guideline Value for Gomathi Amman Nagar - Annex 14

₹385/sq.ft.

The guideline value for Gomathi Amman Nagar - Annex 14 in Boodur village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Boodur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹23 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[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 Gomathi Amman Nagar - Annex 14

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Gomathi Amman Nagar - Annex 14 guideline value

The current guideline value for Gomathi Amman Nagar - Annex 14 is Rs 385 per sq.ft, effective from 1 July 2024. This area is located in Boodur village and falls under the Redhills SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Gomathi Amman Nagar - Annex 14 has changed

The guideline value for Gomathi Amman Nagar - Annex 14 has seen several revisions over the years. In 2003, the guideline value was Rs 23 per sq.ft, which increased significantly to Rs 300 per sq.ft by 2007, marking a change of +1204%. By 2012, it remained at Rs 350 per sq.ft, a decrease of -33% from the previous revision. The value then rose to Rs 234 per sq.ft in 2017, followed by a substantial increase of +50% to Rs 350 per sq.ft in 2023. The latest revision in 2024 sets the guideline value at Rs 385 per sq.ft, reflecting a +10% increase from 2023.

Notably, the register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by +1574%, showcasing a significant rise over the years.

Guideline values in Boodur

Boodur village comprises 15 streets under the Redhills SRO, with a 2024 guideline value range from Rs 257 to Rs 1,150 per sq.ft. The median guideline value in this area is Rs 385 per sq.ft, which is equal to the current guideline value for Gomathi Amman Nagar - Annex 14.

Stamp duty and registration fee for property in Gomathi Amman Nagar - Annex 14

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total charges to Rs 34,650. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gomathi Amman Nagar - Annex 14?

The Sub Registrar Office that covers Gomathi Amman Nagar - Annex 14 is the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Boodur. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing a property. This value is set by the government and is regularly revised to reflect changes in the real estate market.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers should always be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Gomathi Amman Nagar - Annex 14?

The current guideline value for Gomathi Amman Nagar - Annex 14 is Rs 385 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 23 per sq.ft to Rs 385 per sq.ft in 2024, marking an overall increase of +1574%.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 26,950, and the registration fee is Rs 7,700, totaling Rs 34,650.

Which Sub Registrar Office should I approach for registration?

The Redhills Sub Registrar Office covers Gomathi Amman Nagar - Annex 14, located on Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the guideline value determined?

The guideline value is determined by the government based on various factors, including land classification and market conditions. It is revised periodically to reflect changes in the real estate landscape.