Guideline Value for Sri Gomathi Nagar

Sri Gomathi Nagar guideline value

The current guideline value of Sri Gomathi Nagar, located in Karanaipuducheri village, is Rs 800 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Class I Type - II.

How the guideline value of Sri Gomathi Nagar has changed

Over the years, the guideline value of Sri Gomathi Nagar has seen several revisions. The earliest recorded figure is from 2007, when the value was Rs 155 per sq.ft. This value increased significantly to Rs 800 per sq.ft in 2012, marking a 416% rise. However, in the following revision in 2017, the value decreased to Rs 536 per sq.ft, a drop of 33%. The subsequent revisions in 2023 and 2024 maintained the value at Rs 800 per sq.ft, reflecting no change from the previous year.

Notably, the guideline value has remained stable at Rs 800 per sq.ft from 2023 to 2024, indicating no increase. From 2017 to 2023, there was a substantial increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 416%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value in this area is Rs 802 per sq.ft, placing Sri Gomathi Nagar's 2024 value below that median.

• Sri Jakki Vasudev Nagar: Rs 1,000 per sq.ft (2024)
• Sri Jakki Vasudev Nagar - II: Rs 1,000 per sq.ft (2024)
• Sri Jayendira Saraswathi Suwamigal Nagar: Rs 1,200 per sq.ft (2024)
• Sri Jayendira Saraswathi Suwamigal Nagar Extn: Rs 1,200 per sq.ft (2024)
• Sri Brindha Avenue: Rs 1,000 per sq.ft (2024)
• Sri Bhavani Amman Nagar Extension -I: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Gomathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. Note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Gomathi Nagar?

The Sub Registrar Office covering Sri Gomathi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Karanaipuducheri. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the transaction is recorded accurately and complies with local regulations.

When selling property, the guideline value helps establish a baseline for pricing, ensuring that both parties are aware of the minimum value recognized by the government. This transparency helps facilitate smoother transactions and reduces disputes over property values.

Frequently asked questions

What is the current guideline value of Sri Gomathi Nagar?

The current guideline value of Sri Gomathi Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 155 per sq.ft in 2007, rising to Rs 800 per sq.ft in 2012, then dropping to Rs 536 per sq.ft in 2017, and remaining at Rs 800 per sq.ft in 2023 and 2024.

What is the median guideline value in Karanaipuducheri?

The median guideline value in Karanaipuducheri is Rs 802 per sq.ft, with Sri Gomathi Nagar's 2024 value being below this median.

What are the stamp duty rates for property in Sri Gomathi Nagar?

The stamp duty rate for property in Sri Gomathi Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Gomathi Nagar?

The Sub Registrar Office for Sri Gomathi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.