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Guideline Value

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Guideline Value for Gomathiamman Nagar Annex XIII

₹440/sq.ft.

The guideline value for Gomathiamman Nagar Annex Xiii in Palavayal 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

Palavayal

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 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹32 /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 Xiii

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Gomathiamman Nagar Annex XIII guideline value

The current guideline value for Gomathiamman Nagar Annex XIII is Rs 440 per sq.ft. This area is located in Palavayal village and falls under the Redhills SRO. The land classification is Residential Class I Type - I.

How the guideline value of Gomathiamman Nagar Annex XIII has changed

The guideline value for Gomathiamman Nagar Annex XIII has seen several revisions over the years. Starting from the 2003 revision, the guideline value was Rs 32 per sq.ft. It increased significantly to Rs 300 per sq.ft in 2007, followed by a rise to Rs 400 per sq.ft in 2012. However, it decreased to Rs 268 per sq.ft in 2017. The value then rose to Rs 400 per sq.ft in 2023 and finally reached Rs 440 per sq.ft in the 2024 revision, effective from 1 July 2024.

Notably, the changes between these revisions include a substantial increase of 838% from 2003 to 2007, a decrease of 33% from 2012 to 2017, and a 49% increase from 2017 to 2023. Overall, from 2003 to 2024, the guideline value has increased by 1275%. The register does not contain a figure for the year 2002 for this street.

Guideline values in Palavayal

In Palavayal, there are 22 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 1,200 per sq.ft. The median value is Rs 440 per sq.ft, making the guideline value of Gomathiamman Nagar Annex XIII equal to this median.

Stamp duty and registration fee for property in Gomathiamman Nagar Annex XIII

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value would be 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. 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 XIII?

The Sub Registrar Office that covers Gomathiamman Nagar Annex XIII 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 further assistance.

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

The guideline value is an essential factor during property transactions in Palavayal. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees that need to be paid.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the official records. This value is crucial for both buyers and sellers to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value for Gomathiamman Nagar Annex XIII?

The current guideline value for Gomathiamman Nagar Annex XIII 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 multiple times, starting from Rs 32 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, marking an overall increase of 1275% over this period.

What is the land classification for Gomathiamman Nagar Annex XIII?

The land classification for Gomathiamman Nagar Annex XIII is Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Gomathiamman Nagar Annex XIII is the Redhills Sub Registrar Office, 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 property with a guideline value of Rs 4,40,000, the stamp duty at 7% would be Rs 30,800.