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Guideline Value

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Guideline Value for Gomathiamman Nagar Annex - XII

₹275/sq.ft.

The guideline value for Gomathiamman Nagar Annex - Xii in Atthivakkam 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 Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Atthivakkam

Village

Redhills

SRO

Residential Class III 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 ₹100 /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 Annex - Xii

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Gomathiamman Nagar Annex - XII guideline value

The current guideline value of Gomathiamman Nagar Annex - XII is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Atthivakkam village, under the Redhills SRO, and is classified as Residential Class III Type - I.

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

The guideline value for Gomathiamman Nagar Annex - XII has undergone several revisions over the years. In the 2003 revision, the value was set at Rs 22 per sq.ft, which saw a significant increase to Rs 100 per sq.ft in 2007, marking a rise of 355%. The value then jumped to Rs 250 per sq.ft in 2012, reflecting a 150% increase. However, it decreased to Rs 167 per sq.ft in 2017, representing a decline of 33%. The value rose again to Rs 250 per sq.ft in 2023, and most recently, it increased to Rs 275 per sq.ft in 2024, a change of 10% from the previous year. The register has no figure for this street in 2002.

Overall, from 2003 to 2024, the guideline value has increased by 1150%. The changes in the guideline value reflect the fluctuations in the real estate market and local development in the area.

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, with a median value of Rs 440 per sq.ft. Gomathiamman Nagar Annex - XII's 2024 figure is below this median.

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

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, totaling Rs 24,750. The duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gomathiamman Nagar Annex - XII?

The Sub Registrar Office that covers Gomathiamman Nagar Annex - XII is 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 minimum price at which a property can be sold or bought. When registering a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property. In cases where the sale price exceeds the guideline value, the stamp duty is calculated based on the higher amount, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gomathiamman Nagar Annex - XII?

The current guideline value of Gomathiamman Nagar Annex - XII 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 22 per sq.ft in 2003 to Rs 275 per sq.ft in 2024, reflecting an overall increase of 1150% over this period.

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

Gomathiamman Nagar Annex - XII is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the registration office for properties in this area?

The registration office for properties in Gomathiamman Nagar Annex - XII is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Atthivakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 2,75,000 would incur a stamp duty of Rs 19,250 at 7%.