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Guideline Value

Corporate

Guideline Value for ELIM NAGAR (NEAR OMR)

₹4400/sq.ft.

The guideline value for Elim Nagar (near Omr) in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 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

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Elim Nagar (near Omr)

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Elim Nagar (Near Omr) guideline value

The current guideline value of Elim Nagar (Near Omr) is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under Okkiyamthuraipakkam village and is classified as Residential Class I Type - I. The Neelankarai SRO manages the registration for this locality.

How the guideline value of Elim Nagar (Near Omr) has changed

The guideline value for Elim Nagar (Near Omr) has seen several revisions over the years. In 2012, the value was Rs 4,000 per sq.ft, which was a decrease to Rs 2,680 per sq.ft in 2017. Following that, the value increased significantly to Rs 4,000 per sq.ft in 2023, and then further to Rs 4,400 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, the guideline value has increased by 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

Okkiyamthuraipakkam village has a total of 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Elim Nagar (Near Omr) above this median at Rs 4,400 per sq.ft.

Stamp duty and registration fee for property in Elim Nagar (Near Omr)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Elim Nagar (Near Omr)?

The Sub Registrar Office that covers Elim Nagar (Near Omr) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration reflects a fair value based on the established guidelines for the area.

Frequently asked questions

What is the current guideline value of Elim Nagar (Near Omr)?

The current guideline value of Elim Nagar (Near Omr) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the median guideline value in Okkiyamthuraipakkam?

The median guideline value in Okkiyamthuraipakkam is Rs 3,300 per sq.ft, with Elim Nagar (Near Omr) being above this median at Rs 4,400 per sq.ft.

What are the stamp duty rates for property in Elim Nagar (Near Omr)?

The stamp duty for property in Elim Nagar (Near Omr) is charged at a rate of 7% on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Elim Nagar (Near Omr)?

The Sub Registrar Office for Elim Nagar (Near Omr) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.