Guideline Value for INTUC now Gomathiamman Nagar

INTUC now Gomathiamman Nagar guideline value

The current guideline value for INTUC now Gomathiamman Nagar is Rs 1,742 per sq.ft, effective from 1 July 2024. This area is located in Kathirvedu village under the Ambattur SRO, and the land classification is Mixed Type - III.

How the guideline value of INTUC now Gomathiamman Nagar has changed

The guideline value for INTUC now Gomathiamman Nagar has seen revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,742 per sq.ft, which remained unchanged in the 2024 revision.

From 2023 to 2024, there was a change of +0%, maintaining the guideline value at Rs 1,742 per sq.ft. This consistency indicates that no adjustments were made to the value during this period.

Guideline values in Kathirvedu

In Kathirvedu, there are 78 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value for INTUC now Gomathiamman Nagar is above this median.

• I.N.T.U.C. Nagar: Rs 1,100 per sq.ft (2024)
• Jai Maruthi Nagar: Rs 2,000 per sq.ft (2024)
• Jai Maruthi Nagar Annex: Rs 2,700 per sq.ft (2024)
• Jayavel Nagar: Rs 1,300 per sq.ft (2024)
• Green View(Tamil Nadu Officiers Co-Operative Housing Society): Rs 1,600 per sq.ft (2024)
• John Victor Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in INTUC now Gomathiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,742 per sq.ft, the total guideline value amounts to Rs 17,42,000. The stamp duty at 7% would be Rs 1,21,940, and the registration fee at 2% would be Rs 34,840, bringing the total to Rs 1,56,780. It is important to note that the 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 INTUC now Gomathiamman Nagar?

The Sub Registrar Office that covers INTUC now Gomathiamman Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial component in the registration process when buying or selling property in Kathirvedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted transparently and fairly.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that the government receives its due revenue from property transactions, based on the established guideline value.

Frequently asked questions

What is the current guideline value for INTUC now Gomathiamman Nagar?

The current guideline value for INTUC now Gomathiamman Nagar is Rs 1,742 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,742 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 in the register.

What is the land classification for INTUC now Gomathiamman Nagar?

The land classification for INTUC now Gomathiamman Nagar is Mixed Type - III. This classification indicates the type of land use permitted in the area.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in INTUC now Gomathiamman Nagar is 7%. This is applied to the higher of the guideline value or the sale price of the property.

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

The Sub Registrar Office for INTUC now Gomathiamman Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.