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Guideline Value

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Guideline Value for Gomathiamman Nagar Anex- XI

₹275/sq.ft.

The guideline value for Gomathiamman Nagar Anex- Xi in Orakadu & Kiruthalapuram village (Redhills SRO, Chennai zone) is Rs 275 per sq.ft, effective 1 July 2024. It was Rs 250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Orakadu & Kiruthalapuram

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹275 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹19 /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 Anex- Xi

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Gomathiamman Nagar Anex- XI guideline value

The current guideline value of Gomathiamman Nagar Anex- XI is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Orakadu & Kiruthalapuram village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Gomathiamman Nagar Anex- XI has changed

The guideline value for Gomathiamman Nagar Anex- XI has undergone several revisions over the years. Starting from Rs 19 per sq.ft in 2003, it saw a significant increase of 953% to reach Rs 200 per sq.ft in 2007. The value then increased by 25% to Rs 250 per sq.ft in 2012, but experienced a decrease of 33% to Rs 167 per sq.ft in 2017. Following this, the value surged by 50% to Rs 250 per sq.ft in 2023, and most recently, it increased by 10% to the current rate of Rs 275 per sq.ft in 2024.

It is important to note that the register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1347%.

Guideline values in Orakadu & Kiruthalapuram

In Orakadu & Kiruthalapuram, there are 34 streets under the Redhills SRO that carry a guideline value for 2024, ranging from Rs 275 to Rs 900 per sq.ft, with a median value of Rs 385 per sq.ft. The guideline value for Gomathiamman Nagar Anex- XI is below this median.

Stamp duty and registration fee for property in Gomathiamman Nagar Anex- XI

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total fees together to Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gomathiamman Nagar Anex- XI?

The Gomathiamman Nagar Anex- XI 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 details.

How the guideline value is used when you buy or sell in Orakadu & Kiruthalapuram

When buying or selling property in Orakadu & Kiruthalapuram, the guideline value is a crucial factor that determines the amount of stamp duty and registration fees payable. This value is used during the registration process to ensure that the correct fees are calculated based on the property's assessed worth.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of property transactions. The guideline value serves as a benchmark for the registration of properties in the area, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Gomathiamman Nagar Anex- XI?

The current guideline value of Gomathiamman Nagar Anex- XI is Rs 275 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 19 per sq.ft in 2003 to Rs 275 per sq.ft in 2024, reflecting an overall increase of 1347% over this period.

What is the land classification for Gomathiamman Nagar Anex- XI?

Gomathiamman Nagar Anex- XI is classified as Residential Class II Type - I.

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 stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would include stamp duty and registration fees based on the guideline value.