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Guideline Value

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Guideline Value for Gomathiamman Nagar Annex - 10

₹440/sq.ft.

The guideline value for Gomathiamman Nagar Annex - 10 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 ₹21 /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 Annex - 10

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Gomathiamman Nagar Annex - 10 guideline value

The current guideline value for Gomathiamman Nagar Annex - 10 is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village and falls under the Redhills SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Gomathiamman Nagar Annex - 10 has changed

The guideline value for Gomathiamman Nagar Annex - 10 has seen several revisions over the years. Starting from Rs 21 per sq.ft in 2003, it increased significantly to Rs 200 per sq.ft by 2007. The value then rose to Rs 400 per sq.ft in 2012, but saw a decrease to Rs 268 per sq.ft in 2017. From 2017 to 2023, the value jumped to Rs 400 per sq.ft, and finally, the current revision in 2024 has set the guideline value at Rs 440 per sq.ft, marking a 10% increase from the previous year.

Throughout these revisions, the most significant increase occurred between 2003 and 2007, where the value surged by 852%. The overall change from 2003 to 2024 reflects an impressive increase of 1995%. 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 for these streets is Rs 440 per sq.ft, which is equal to the current guideline value for Gomathiamman Nagar Annex - 10.

Stamp duty and registration fee for property in Gomathiamman Nagar Annex - 10

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, and the registration fee at 2% would be Rs 8,800, making the total cost for these fees Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Gomathiamman Nagar Annex - 10?

The Gomathiamman Nagar Annex - 10 falls under the jurisdiction of the Redhills Sub Registrar Office. The address is Sub Registrar Office, 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 Vilangadupakkam

When buying or selling property in Vilangadupakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used as a benchmark for property transactions, ensuring that the fees are calculated fairly based on the property's value.

During the registration process, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Gomathiamman Nagar Annex - 10?

The current guideline value for Gomathiamman Nagar Annex - 10 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 21 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 1995% over these years.

What is the land classification for Gomathiamman Nagar Annex - 10?

The land classification for Gomathiamman Nagar Annex - 10 is Residential Class III Type - I.

Where can I find the Redhills Sub Registrar Office?

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 Gomathiamman Nagar Annex - 10?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 30,800.