Guideline Value

Corporate

Guideline Value for Gomathiamman Nagar 7 Extn. II

₹440/sq.ft.

The guideline value for Gomathiamman Nagar 7 Extn. Ii in Atthivakkam 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 I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Atthivakkam

Village

Redhills

SRO

Residential Class I 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 ₹22 /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 Gomathiamman Nagar 7 Extn. Ii

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Gomathiamman Nagar 7 Extn. II guideline value

The current guideline value of Gomathiamman Nagar 7 Extn. II is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Atthivakkam village and falls under the Redhills SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Gomathiamman Nagar 7 Extn. II has changed

The guideline value for Gomathiamman Nagar 7 Extn. II has seen several revisions over the years. Starting from Rs 22 per sq.ft in 2003, it increased significantly to Rs 200 per sq.ft in 2007, marking a change of +809%. The value then rose to Rs 400 per sq.ft in 2012, which was a 100% increase from the previous revision. However, it decreased to Rs 268 per sq.ft in 2017, reflecting a drop of 33%. The value then surged to Rs 400 per sq.ft in 2023, and finally, it reached the current figure of Rs 440 per sq.ft in 2024, representing a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 1900%. The register has no figure for this street in 2002.

Guideline values in Atthivakkam

In Atthivakkam, there are 27 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 1,400 per sq.ft. The median value is Rs 440 per sq.ft, which is equal to the guideline value of Gomathiamman Nagar 7 Extn. II.

Stamp duty and registration fee for property in Gomathiamman Nagar 7 Extn. II

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, while the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. Please 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 details.

Which Sub Registrar Office covers Gomathiamman Nagar 7 Extn. II?

The Gomathiamman Nagar 7 Extn. II area 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 information.

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

The guideline value is a crucial factor in property transactions in Atthivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, it is essential to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Buyers and sellers should consult the latest figures to ensure compliance with legal requirements and to accurately assess their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Gomathiamman Nagar 7 Extn. II?

The current guideline value of Gomathiamman Nagar 7 Extn. II is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 22 per sq.ft to Rs 440 per sq.ft in 2024, reflecting a significant overall increase of 1900% over this period.

What is the stamp duty rate for properties in Gomathiamman Nagar 7 Extn. II?

The stamp duty rate for properties in Gomathiamman Nagar 7 Extn. II is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Gomathiamman Nagar 7 Extn. II?

The Sub Registrar Office covering Gomathiamman Nagar 7 Extn. II is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the other streets in Atthivakkam with the same guideline value?

Other streets in Atthivakkam with a guideline value of Rs 440 per sq.ft include Gomathiamman Nagar Annex- 7 Extn., Gomathiamman Nagar Annex - 7 Extn -1, Gomathi Amman Nagar Annex - VII, Gandhiji Nagar, and Eswaran Avenue.