Guideline Value for Gomathiamman Nagar Annex 9 Extention

Gomathiamman Nagar Annex 9 Extention guideline value

The current guideline value of Gomathiamman Nagar Annex 9 Extention 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 9 Extention has changed

The guideline value has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012, marking a 100% increase. However, it then decreased to Rs 268 per sq.ft in 2017, a reduction of 33%. The value rose again to Rs 400 per sq.ft in 2023, and most recently, it has been revised to Rs 440 per sq.ft in 2024, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. There are no figures available for the years 2002 and 2003 for this particular 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 is Rs 440 per sq.ft, which is the same as the guideline value for Gomathiamman Nagar Annex 9 Extention.

• Gomathiamman Nagar Annex 6 Extention: Rs 440 per sq.ft (2024)
• Gomathi Amman Nagar Annex III: Rs 440 per sq.ft (2024)
• Gomathi Amman Nagar Annex IV: Rs 440 per sq.ft (2024)
• Gomathiamman Nagar Annex - IX: Rs 440 per sq.ft (2024)
• Gomathi Amman Nagar Annex VI: Rs 440 per sq.ft (2024)
• Gomathiamman Nagar Annex - 10: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Gomathiamman Nagar Annex 9 Extention

For a 1,000 sq.ft plot at the current rate, the 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, bringing the total to Rs 39,600. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gomathiamman Nagar Annex 9 Extention?

The Gomathiamman Nagar Annex 9 Extention falls under 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 crucial during property transactions as it determines the amount of stamp duty and registration fees payable. When buying or selling property, the transaction must be registered at the relevant Sub Registrar Office, where the guideline value is used to calculate these fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the cost of registration. The fees are calculated based on the higher of the guideline value or the sale price, ensuring that the correct amount is paid during the registration process.

Frequently asked questions

What is the current guideline value of Gomathiamman Nagar Annex 9 Extention?

The current guideline value is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 120%.

What is the stamp duty rate for properties in Gomathiamman Nagar Annex 9 Extention?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher.

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 many streets in Vilangadupakkam have a guideline value in 2024?

There are 160 streets in Vilangadupakkam under the Redhills SRO that have a guideline value for 2024.