Guideline Value for Gomathi Amman Nagar

Gomathi Amman Nagar guideline value

The current guideline value for Gomathi Amman Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This locality is situated in Oilcheri village, under the Arani_Tiruvallur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Gomathi Amman Nagar has changed

The guideline value for Gomathi Amman Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 400 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 268 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase is also 49%, reflecting a consistent valuation in the most recent years.

Guideline values in Oilcheri

In Oilcheri village, there are four streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, ranging from Rs 335 to Rs 400 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Gomathi Amman Nagar's 2024 figure above that median.

• Edan Garden: Rs 350 per sq.ft (2024)
• Annai Gomathi Nagar: Rs 335 per sq.ft (2024)
• Padmavathi Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Gomathi Amman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty, charged at 7%, would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 detailed calculations.

Which Sub Registrar Office covers Gomathi Amman Nagar?

The Sub Registrar Office that covers Gomathi Amman Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Oilcheri. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a value that reflects the official pricing set by the government. This helps maintain transparency and standardization in property transactions within the locality.

Frequently asked questions

What is the current guideline value of Gomathi Amman Nagar?

The current guideline value of Gomathi Amman Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, while it increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2024, reflecting a 49% increase overall since 2017.

What other streets are in Oilcheri with their guideline values?

Other streets in Oilcheri include Edan Garden at Rs 350 per sq.ft, Annai Gomathi Nagar at Rs 335 per sq.ft, and Padmavathi Nagar at Rs 350 per sq.ft, all for the year 2024.

What fees are associated with property registration in Gomathi Amman Nagar?

When registering property in Gomathi Amman Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 36,000 in fees.

Where can I find the Sub Registrar Office for Gomathi Amman Nagar?

The Sub Registrar Office for Gomathi Amman Nagar is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find more information by visiting the find your SRO page.