Guideline Value for Gomathi Amman Nagar Annex - II

Gomathi Amman Nagar Annex - II guideline value

The current guideline value of Gomathi Amman Nagar Annex - II is Rs 220 per sq.ft. This area is located in Perungavur village, under the jurisdiction of the Redhills SRO. The land classification for this street is Residential Class III Type - I.

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

The guideline value for Gomathi Amman Nagar Annex - II has undergone several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 11 per sq.ft. This value saw a significant increase to Rs 100 per sq.ft in 2007, followed by a doubling to Rs 200 per sq.ft in 2012. However, it then decreased to Rs 134 per sq.ft in 2017. The most recent revisions show an increase to Rs 200 per sq.ft in 2023 and a further rise to Rs 220 per sq.ft effective from July 1, 2024.

In terms of percentage changes, the guideline value rose by 809% from 2003 to 2007, then increased by 100% from 2007 to 2012. A decrease of 33% occurred from 2012 to 2017, followed by a 49% increase from 2017 to 2023. The current revision from 2023 to 2024 reflects a 10% increase. Overall, from 2003 to 2024, the guideline value has increased by 1900%. There is no figure available for the year 2002 in the register for this street.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO with a guideline value for 2024 ranging from Rs 220 to Rs 1,500 per sq.ft. The median guideline value in this area is Rs 275 per sq.ft, placing Gomathi Amman Nagar Annex - II's 2024 figure below that median.

• Gomathiamman Nagar Annex II Extention: Rs 220 per sq.ft (2024)
• Gomathi Amman Nagar Annex - V: Rs 220 per sq.ft (2024)
• Gomathiamman Nagar Annex V Extention: Rs 220 per sq.ft (2024)
• Gomathi Amman Nagar Annex - 1: Rs 220 per sq.ft (2024)
• Gomathi Ammannagar Phase III: Rs 234 per sq.ft (2024)
• Gomathi Amman Nagar: Rs 220 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total fees together to Rs 19,800. 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.

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

The Gomathi Amman Nagar Annex - II falls under the jurisdiction of the Redhills Sub Registrar Office, located at 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 Perungavur

The guideline value is an essential factor during property registration in Perungavur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the transaction process.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable duties. This ensures that both parties involved in the transaction are aware of the financial implications associated with the property transfer.

Frequently asked questions

What is the current guideline value of Gomathi Amman Nagar Annex - II?

The current guideline value of Gomathi Amman Nagar Annex - II is Rs 220 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 11 per sq.ft in 2003 and reaching Rs 220 per sq.ft in 2024. The most significant increase occurred between 2003 and 2007, with an 809% rise.

What is the land classification for Gomathi Amman Nagar Annex - II?

The land classification for Gomathi Amman Nagar Annex - II is Residential Class III Type - I, which indicates its suitability for residential development.

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

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400, and the registration fee would be Rs 4,400, totaling Rs 19,800. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Gomathi Amman Nagar Annex - II?

The Redhills Sub Registrar Office handles property registrations for Gomathi Amman Nagar Annex - II. It is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.