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Guideline Value

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Guideline Value for Gomathiamman Nagar Annex - IX

₹440/sq.ft.

The guideline value for Gomathiamman Nagar Annex - Ix 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 ₹14 /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 - Ix

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Gomathiamman Nagar Annex - IX guideline value

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

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

The guideline value for Gomathiamman Nagar Annex - IX has seen several revisions over the years. Starting from Rs 14 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. The 2023 revision set the value at Rs 400 per sq.ft, which was then increased to Rs 440 per sq.ft in 2024, representing a 10% increase from the previous year.

Between the revisions, notable changes include a substantial increase of 1329% from 2003 to 2007. However, from 2012 to 2017, the value decreased by 33%. The overall increase from 2003 to 2024 is an impressive 3043%. The register has no figure for this street for the year 2002.

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 the same as the guideline value for Gomathiamman Nagar Annex - IX.

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

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, totaling Rs 39,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gomathiamman Nagar Annex - IX?

The Gomathiamman Nagar Annex - IX falls under the jurisdiction of 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 Vilangadupakkam

The guideline value is a crucial factor in property transactions in Vilangadupakkam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

During the registration process, the buyer must pay the applicable 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 of Gomathiamman Nagar Annex - IX?

The current guideline value for Gomathiamman Nagar Annex - IX 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 significantly from Rs 14 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, with various revisions over the years reflecting increases and one decrease.

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

Gomathiamman Nagar Annex - IX is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Gomathiamman Nagar Annex - IX?

The Redhills Sub Registrar Office covers Gomathiamman Nagar Annex - IX, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in this area?

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 guideline value, the total stamp duty would be Rs 30,800.