Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Gomathi Amman Nagar Annex III

₹440/sq.ft.

The guideline value for Gomathi Amman Nagar Annex Iii in Vilangadupakkam 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 Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class III 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 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹11 /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 Iii

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Gomathi Amman Nagar Annex III guideline value

The current guideline value for Gomathi Amman Nagar Annex III is Rs 440 per sq.ft. This area is located in Vilangadupakkam village under the Redhills SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Gomathi Amman Nagar Annex III has changed

The guideline value for Gomathi Amman Nagar Annex III has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 11 per sq.ft. This value saw a significant increase to Rs 200 per sq.ft in 2007, marking a growth of 1718%. In 2012, the guideline value rose to Rs 400 per sq.ft, reflecting a 100% increase from the previous revision. However, it then decreased to Rs 268 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 400 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 440 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 3900%. It is important to note that there is no figure available for Gomathi Amman Nagar Annex III in the 2002 revision.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with the median being Rs 440 per sq.ft. The guideline value for Gomathi Amman Nagar Annex III is equal to this median.

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

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 cost for these fees 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 III?

The Gomathi Amman Nagar Annex III 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 Vilangadupakkam

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

Understanding the guideline value is essential for both buyers and sellers, as it ensures transparency in property transactions. It helps in assessing the costs involved and ensures compliance with local regulations during the registration process.

Frequently asked questions

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

The current guideline value for Gomathi Amman Nagar Annex III is Rs 440 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 11 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 3900% over the years.

What is the role of the Redhills SRO?

The Redhills SRO is responsible for the registration of property transactions in the area, including the calculation of stamp duty and registration fees based on the guideline value.

How do I calculate stamp duty for a property in Gomathi Amman Nagar Annex III?

To calculate the stamp duty, you need to apply the rate of 7% on the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Are there other streets with the same guideline value in Vilangadupakkam?

Yes, there are several other streets in Vilangadupakkam that share the same guideline value of Rs 440 per sq.ft in 2024, including Gomathi Amman Nagar Annex IV, Gomathiamman Nagar Annex - IX, and others.