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Guideline Value

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Guideline Value for Gomathi Amman Nagar Annex VI

₹440/sq.ft.

The guideline value for Gomathi Amman Nagar Annex Vi 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 Vi

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Gomathi Amman Nagar Annex VI guideline value

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

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

The guideline value for Gomathi Amman Nagar Annex VI has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 11 per sq.ft, which significantly increased to Rs 200 per sq.ft in 2007. The 2012 revision brought the value to Rs 400 per sq.ft, but it dropped to Rs 268 per sq.ft in 2017. The 2023 revision raised it to Rs 400 per sq.ft again, and the latest 2024 revision has set it at Rs 440 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 3900%. The register has no figure for the year 2002 for this street.

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. Gomathi Amman Nagar Annex VI's 2024 figure is equal to this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Gomathi Amman Nagar Annex VI?

The Gomathi Amman Nagar Annex VI 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 is a crucial factor when registering a property in Vilangadupakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official registry.

When buying or selling property, the guideline value serves as a benchmark for both parties. It helps to establish a fair price for the property based on the current market conditions as reflected in the guideline value register.

Frequently asked questions

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

The current guideline value for Gomathi Amman Nagar Annex VI 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 significantly from Rs 11 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, marking an overall increase of 3900% over this period.

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

For a property valued at Rs 4,40,000 in Gomathi Amman Nagar Annex VI, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which office handles property registration in this area?

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

What is the significance of the guideline value when buying property?

The guideline value is used to calculate the stamp duty and registration fees for property transactions, ensuring that the transaction is recorded accurately in the official registry.