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Guideline Value

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Guideline Value for Gomathi Amman Nagar Annex - VII

₹440/sq.ft.

The guideline value for Gomathi Amman Nagar Annex - Vii in Atthivakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 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

Atthivakkam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹25 /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 - Vii

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Gomathi Amman Nagar Annex - VII guideline value

The current guideline value for Gomathi Amman Nagar Annex - VII is Rs 440 per sq.ft. This property is located in Atthivakkam village, under the Redhills SRO. The land classification is Residential Class I Type - I.

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

The guideline value for Gomathi Amman Nagar Annex - VII has undergone several revisions since 2003. The 2003 revision set the value at Rs 25 per sq.ft, which saw a significant increase to Rs 300 per sq.ft in 2007. The value then changed to Rs 400 per sq.ft in 2012, followed by a decrease to Rs 268 per sq.ft in 2017. The 2023 revision raised it to Rs 400 per sq.ft, and the most recent revision in 2024 has set the value at Rs 440 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The revision from 2012 to 2017 saw a decrease of 33%. Meanwhile, the 2007 to 2012 revision experienced a 33% increase. The most dramatic change was from 2003 to 2007, where the value surged by 1100%. Overall, from 2003 to 2024, the guideline value has increased by 1660%. The register has no figure for this street in 2002.

Guideline values in Atthivakkam

In Atthivakkam, there are 27 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 1,400 per sq.ft. The median value is Rs 440 per sq.ft, which is equal to the current guideline value of Gomathi Amman Nagar Annex - VII.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees together to Rs 39,600. 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 - VII?

The Gomathi Amman Nagar Annex - VII falls under the jurisdiction of the Redhills Sub Registrar Office. The office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value plays a crucial role when buying or selling property in Atthivakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value as per government regulations. This helps in maintaining transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

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

The current guideline value for Gomathi Amman Nagar Annex - VII is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 25 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 1660% over the years.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 39,600.

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

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

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that properties are registered at a fair value and helps maintain transparency in the real estate market.