Guideline Value for O.M.R.ROAD

O.M.R.Road guideline value

The current guideline value of O.M.R.Road in Thiruvanmiyur village is Rs 12,650 per sq.ft, effective from 1 July 2024. This property falls under the Chennai South Joint I SRO and is classified as Residential Special Type - I.

How the guideline value of O.M.R.Road has changed

The guideline value for O.M.R.Road has undergone several revisions over the years. The 2012 revision set the value at Rs 11,500 per sq.ft, which was then reduced to Rs 7,705 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 11,500 per sq.ft in the 2023 revision, before reaching the current rate of Rs 12,650 per sq.ft in 2024.

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

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, making the current value of O.M.R.Road above that median.

• Odaikuppam Street: Rs 3,520 per sq.ft (2024)
• Odaikuppam Sea Shore Salai: Rs 11,000 per sq.ft (2024)
• Odaikuppam Amman Koil Back Side: Rs 3,520 per sq.ft (2024)
• N.S.K Street: Rs 7,150 per sq.ft (2024)
• N.S.K. 3rd Street: Rs 7,150 per sq.ft (2024)
• North Tankview Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in O.M.R.Road

For a 1,000 sq.ft plot at the current guideline value of Rs 12,650 per sq.ft, the total guideline value amounts to Rs 1,26,50,000. The stamp duty at 7% would be Rs 8,85,500, and the registration fee at 2% would be Rs 2,53,000, bringing the total charges to Rs 11,38,500. 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 O.M.R.Road?

The O.M.R.Road is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of O.M.R.Road?

The current guideline value of O.M.R.Road is Rs 12,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 11,500 in 2012 to Rs 7,705 in 2017, then rising to Rs 11,500 in 2023, and finally reaching Rs 12,650 in 2024.

What is the land classification of O.M.R.Road?

O.M.R.Road is classified as Residential Special Type - I under the Chennai South Joint I SRO.

How is the stamp duty calculated for properties in O.M.R.Road?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,26,50,000 would incur a stamp duty of Rs 8,85,500.

Where can I find the Sub Registrar Office for O.M.R.Road?

The Sub Registrar Office covering O.M.R.Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.