Guideline Value

Corporate

Guideline Value for Gomathiamman Nagar

₹440/sq.ft.

The guideline value for Gomathiamman Nagar 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 ₹11 /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

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Gomathiamman Nagar guideline value

The current guideline value of Gomathiamman Nagar 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 has changed

The guideline value for Gomathiamman Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 11 per sq.ft, which increased dramatically to Rs 200 per sq.ft by 2007. The value then rose to Rs 400 per sq.ft in 2012, before dropping to Rs 268 per sq.ft in 2017. This was followed by an increase to Rs 400 per sq.ft in 2023, and finally, the current value stands at Rs 440 per sq.ft as of the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, and from 2023 to 2024, the value increased by 10%. The overall increase from 2003 to 2024 is a substantial 3900%. It is important to note that there is no figure available for the year 2002 in the register for this 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, with the median being Rs 440 per sq.ft. Gomathiamman Nagar's 2024 guideline value aligns with this median.

Stamp duty and registration fee for property in Gomathiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the 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 accurate calculations.

Which Sub Registrar Office covers Gomathiamman Nagar?

The Sub Registrar Office that covers Gomathiamman Nagar 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 Vilangadupakkam

The guideline value is an essential factor when registering property transactions in Vilangadupakkam. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher value between the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value of Gomathiamman Nagar?

The current guideline value of Gomathiamman Nagar 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 11 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, showing a significant overall increase of 3900% over this period.

What is the land classification of Gomathiamman Nagar?

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

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

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

How is stamp duty calculated for properties in Gomathiamman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 4,40,000, the stamp duty at 7% would be Rs 30,800.