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Guideline Value

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Guideline Value for Gomathi Amman Nagar Annex VIII

₹440/sq.ft.

The guideline value for Gomathi Amman Nagar Annex Viii 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 Viii

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Gomathi Amman Nagar Annex VIII guideline value

The current guideline value for Gomathi Amman Nagar Annex VIII is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village and falls under the Redhills SRO. The land classification is Residential Class III Type - I.

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

The guideline value for Gomathi Amman Nagar Annex VIII has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 11 per sq.ft. This figure saw a significant increase to Rs 200 per sq.ft in 2007, marking a change of +1718%. The 2012 revision set the value at Rs 400 per sq.ft, representing a decrease of -33% from the previous figure. In 2017, the value rose again to Rs 268 per sq.ft, followed by a substantial increase to Rs 400 per sq.ft in 2023, reflecting a change of +49%. The most recent 2024 revision has established the value at Rs 440 per sq.ft, marking an increase of +10% from 2023.

There is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by +3900%, highlighting the significant changes over the years.

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. The median value for this area is Rs 440 per sq.ft, which is equal to the current guideline value for Gomathi Amman Nagar Annex VIII.

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

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, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gomathi Amman Nagar Annex VIII?

The Gomathi Amman Nagar Annex VIII is covered by 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 details.

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

The guideline value plays a crucial role in property transactions in Vilangadupakkam, as it is used to determine the stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements when registering property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

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

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

How much has the guideline value changed in recent years?

In recent years, the guideline value has changed significantly, with an increase from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024, which is a +10% change. Overall, from 2003 to 2024, the value has increased by +3900%.

What is the land classification for Gomathi Amman Nagar Annex VIII?

The land classification for Gomathi Amman Nagar Annex VIII is Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Redhills Sub Registrar Office?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Gomathi Amman Nagar Annex VIII?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft would incur a total guideline value of Rs 4,40,000, leading to a stamp duty of Rs 30,800 at 7%.