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Guideline Value

Corporate

Guideline Value for Gomathi Nagar In Sivaram city

₹2750/sq.ft.

The guideline value for Gomathi Nagar In Sivaram City in Thandalkazhani village (Redhills SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thandalkazhani

Village

Redhills

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
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 Nagar In Sivaram City

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Gomathi Nagar In Sivaram city guideline value

The current guideline value of Gomathi Nagar in Sivaram city is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under Thandalkazhani village and is classified as Commercial Class I Type - I, governed by the Redhills SRO.

How the guideline value of Gomathi Nagar In Sivaram city has changed

The guideline value for Gomathi Nagar has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,675 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2023, reflecting a change of 49%. The most recent revision in 2024 saw the value rise to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thandalkazhani

In Thandalkazhani, there are 27 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 2,750 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Gomathi Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Gomathi Nagar In Sivaram city

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that 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 more details.

Which Sub Registrar Office covers Gomathi Nagar In Sivaram city?

The Sub Registrar Office that covers Gomathi Nagar is 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 Thandalkazhani

The guideline value plays a crucial role in property transactions within Thandalkazhani. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are calculated based on an officially recognized value rather than the negotiated sale price.

During the registration process, the buyer must pay the stamp duty and registration fees based on the higher of the guideline value or the sale price. This system helps maintain transparency and consistency in property transactions across the region.

Frequently asked questions

What is the current guideline value of Gomathi Nagar In Sivaram city?

The current guideline value of Gomathi Nagar in Sivaram city is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023, and then to Rs 2,750 per sq.ft in 2024, reflecting a total increase of 64% from 2017 to 2024.

What are the guideline values of other streets in Thandalkazhani?

Other streets in Thandalkazhani have varying guideline values, with Gnt Road also at Rs 2,750 per sq.ft, while Gandhi Street is at Rs 1,210 per sq.ft, among others.

Where is the Redhills Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Gomathi Nagar?

Stamp duty for properties in Gomathi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.