Guideline Value for Gomathinamman Nagar Annex

Gomathinamman Nagar Annex guideline value

The current guideline value of Gomathinamman Nagar Annex 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 Gomathinamman Nagar Annex has changed

The guideline value for Gomathinamman Nagar Annex has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it decreased to Rs 268 per sq.ft in 2017, before rising significantly to Rs 400 per sq.ft in 2023, and finally reaching Rs 440 per sq.ft in 2024.

Between the revisions, the changes were as follows: from 2007 to 2012, there was a 100% increase; from 2012 to 2017, the value decreased by 33%; from 2017 to 2023, it increased by 49%; and from 2023 to 2024, there was a 10% increase. The register has no figure for this street in 2002 and 2003.

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 guideline value in this area is Rs 440 per sq.ft, which is the same as the current value for Gomathinamman Nagar Annex.

• Gomathi Nagar: Rs 440 per sq.ft (2024)
• Gomathi Amman Nagar Phase - I: Rs 550 per sq.ft (2024)
• GOMATHI AMMAN NAGAR IX Extn I,II: Rs 600 per sq.ft (2024)
• Gomathi Amman Nagar Annex VIII: Rs 440 per sq.ft (2024)
• Gomathi Amman Nagar Annex VI: Rs 440 per sq.ft (2024)
• Gomathiamman Nagar Annex - IX: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Gomathinamman Nagar Annex

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, 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, totaling Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gomathinamman Nagar Annex?

The Gomathinamman Nagar Annex 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

When buying or selling property in Vilangadupakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is used as a benchmark for these calculations, ensuring that the fees are proportionate to the property's assessed value.

It is important to note that the guideline value may differ from the actual sale price of the property. Therefore, it is essential to consider the guideline value when planning a property transaction to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Gomathinamman Nagar Annex?

The current guideline value of Gomathinamman Nagar Annex 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 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of Gomathinamman Nagar Annex?

Gomathinamman Nagar Annex is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Gomathinamman Nagar Annex?

The Sub Registrar Office for Gomathinamman Nagar Annex is 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 higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at 7%.