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Guideline Value

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Guideline Value for Gomathiamman Nagar Annex - 7 Extn -1

₹440/sq.ft.

The guideline value for Gomathiamman Nagar Annex - 7 Extn -1 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 ₹25 /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 - 7 Extn -1

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Gomathiamman Nagar Annex - 7 Extn -1 guideline value

The current guideline value of Gomathiamman Nagar Annex - 7 Extn -1 is Rs 440 per sq.ft. This area is located in Atthivakkam village, under the jurisdiction of the Redhills SRO. The land classification for this property is Residential Class I Type - I.

How the guideline value of Gomathiamman Nagar Annex - 7 Extn -1 has changed

The guideline value for Gomathiamman Nagar Annex - 7 Extn -1 has undergone several revisions over the years. The earliest recorded value is from 2003, which was Rs 25 per sq.ft. This value saw a significant increase of 700% by 2007, when it rose to Rs 200 per sq.ft. In 2012, the value increased to Rs 400 per sq.ft, but then decreased by 33% to Rs 268 per sq.ft in 2017. The value further increased by 49% to Rs 400 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there is no guideline value recorded for this street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 1660%.

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 for these streets is Rs 440 per sq.ft, which is equal to the current guideline value of Gomathiamman Nagar Annex - 7 Extn -1.

Stamp duty and registration fee for property in Gomathiamman Nagar Annex - 7 Extn -1

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 at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to 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 information.

Which Sub Registrar Office covers Gomathiamman Nagar Annex - 7 Extn -1?

The Gomathiamman Nagar Annex - 7 Extn -1 is covered by 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 details.

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

The guideline value is a crucial factor when buying or selling property in Atthivakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property.

When a property is registered, the authorities will assess the guideline value to ensure that the appropriate taxes are collected. Therefore, it is essential for buyers to understand the guideline value to avoid any unexpected costs during the transaction.

Frequently asked questions

What is the current guideline value of Gomathiamman Nagar Annex - 7 Extn -1?

The current guideline value of Gomathiamman Nagar Annex - 7 Extn -1 is Rs 440 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 25 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 1660% over this period.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 39,600.

Which office handles property registrations for Gomathiamman Nagar Annex - 7 Extn -1?

The Redhills Sub Registrar Office handles property registrations for Gomathiamman Nagar Annex - 7 Extn -1, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Gomathiamman Nagar Annex - 7 Extn -1?

The land classification for Gomathiamman Nagar Annex - 7 Extn -1 is Residential Class I Type - I.