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Guideline Value

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Guideline Value for Gomathiamman Nagar Annex- 7 Extn.

₹440/sq.ft.

The guideline value for Gomathiamman Nagar Annex- 7 Extn. 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 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹16 /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.

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Gomathiamman Nagar Annex- 7 Extn. guideline value

The current guideline value for Gomathiamman Nagar Annex- 7 Extn. is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Atthivakkam village under the Redhills SRO, classified as Residential Class I Type - I.

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

The guideline value for this street has seen several revisions over the years. In 2003, the value was Rs 16 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2007. Following this, it rose to Rs 400 per sq.ft in 2012, but then decreased to Rs 268 per sq.ft in 2017. The value saw a substantial increase to Rs 400 per sq.ft in 2023, and currently stands at Rs 440 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2650%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Atthivakkam

In Atthivakkam, there are 27 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 275 to Rs 1,400 per sq.ft. The median value is Rs 440 per sq.ft, which is equal to the guideline value of Gomathiamman Nagar Annex- 7 Extn.

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

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, while the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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

The Gomathiamman Nagar Annex- 7 Extn. falls under the jurisdiction of the Redhills Sub Registrar Office. The office is 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 is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must refer to the guideline value to ensure compliance with the legal requirements for property registration.

When a property is sold, the guideline value serves as a baseline for calculating the costs associated with the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Gomathiamman Nagar Annex- 7 Extn. 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 from Rs 16 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, showing a significant increase of 2650% over this period.

What is the registration office for Gomathiamman Nagar Annex- 7 Extn.?

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

How do stamp duty and registration fees work in this area?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,40,000 would incur specific fees based on this amount.

What are the other streets in Atthivakkam with similar guideline values?

Other streets in Atthivakkam also have a guideline value of Rs 440 per sq.ft, including Gomathiamman Nagar Annex - 7 Extn -1, Gomathi Amman Nagar Annex - VII, and Gomathiamman Nagar 7 Extn. II.