Guideline Value

Corporate

Guideline Value for O.C.F.ROAD

₹1310/sq.ft.

The guideline value for O.c.f.road in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 1310 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1310 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹91 /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, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[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]

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O.C.F.Road guideline value

The current guideline value of O.C.F.Road is Rs 1,310 per sq.ft, effective from 1 July 2024. This road is located in Vilingiyambakkam village, under the Avadi SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of O.C.F.Road has changed

The guideline value for O.C.F.Road has seen several revisions over the years. Starting from Rs 91 per sq.ft in 2003, it increased significantly to Rs 350 per sq.ft in 2007. The value then rose to Rs 1,200 per sq.ft in 2012, before dropping to Rs 804 per sq.ft in 2017. The most recent revisions show an increase to Rs 1,200 per sq.ft in 2023, and now stands at Rs 1,310 per sq.ft in 2024.

Between these revisions, notable changes include a 285% increase from 2003 to 2007, a 243% increase from 2007 to 2012, and a 49% increase from 2017 to 2023. The overall increase from 2003 to 2024 is a remarkable 1340%. The register has no figure for the year 2002 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with 2024 guideline values ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, making O.C.F.Road's 2024 figure of Rs 1,310 per sq.ft above the median.

Stamp duty and registration fee for property in O.C.F.Road

For a 1,000 sq.ft plot at the current rate of Rs 1,310 per sq.ft, the guideline value amounts to Rs 13,10,000. The stamp duty at 7% would be Rs 91,700, and the registration fee at 2% would be Rs 26,200, making the total Rs 1,17,900. It is important to note that 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 further calculations.

Which Sub Registrar Office covers O.C.F.Road?

The Sub Registrar Office that covers O.C.F.Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of O.C.F.Road?

The current guideline value of O.C.F.Road is Rs 1,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 91 per sq.ft in 2003 to Rs 1,310 per sq.ft in 2024, with several revisions in between, including a drop to Rs 804 per sq.ft in 2017.

What is the land classification for O.C.F.Road?

The land classification for O.C.F.Road is Residential Class III Type - I.

Where can I find the Sub Registrar Office for O.C.F.Road?

The Sub Registrar Office for O.C.F.Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for property in O.C.F.Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,10,000, the stamp duty would be Rs 91,700 at a rate of 7%.