Guideline Value

Corporate

Guideline Value for Gomathi Nagar

₹440/sq.ft.

The guideline value for Gomathi Nagar 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 ₹33 /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 Nagar

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Gomathi Nagar guideline value

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

How the guideline value of Gomathi Nagar has changed

The guideline value for Gomathi Nagar has seen several revisions over the years. Starting from Rs 33 per sq.ft in 2003, it increased significantly to Rs 200 per sq.ft in 2007. The value then rose to Rs 400 per sq.ft in 2012 before dropping to Rs 268 per sq.ft in 2017. Following this, it saw a substantial increase to Rs 400 per sq.ft in 2023, and finally, it reached Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1233%. Notably, there is no figure available for the year 2002 in the register 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. The median value is Rs 440 per sq.ft, which is equal to the current guideline value of Gomathi Nagar.

Stamp duty and registration fee for property in Gomathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty charged at 7% would amount to 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 detailed calculations.

Which Sub Registrar Office covers Gomathi Nagar?

The Sub Registrar Office that covers Gomathi Nagar is the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Vilangadupakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Gomathi Nagar?

The current guideline value of Gomathi Nagar 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 from Rs 33 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, with various increases and a decrease in between. The overall increase from 2003 to 2024 is 1233%.

What are the other streets in Vilangadupakkam with similar guideline values?

Other streets in Vilangadupakkam with similar guideline values include Gomathinamman Nagar Annex, Gomathi Amman Nagar Annex VIII, and Gomathi Amman Nagar Annex VI, all at Rs 440 per sq.ft in 2024.

How is stamp duty calculated in Gomathi Nagar?

Stamp duty in Gomathi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, on a plot valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at 7%.

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

The Sub Registrar Office for Gomathi Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can also find more information online.