Guideline Value

Corporate

Guideline Value for OM ESWARI STREET

₹1950/sq.ft.

The guideline value for Om Eswari Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 1950 per sq.ft, effective 1 July 2024. It was Rs 1750 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1950 /sq.ft.
From 1-4-2023 ₹1750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1172 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Om Eswari Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Om Eswari Street guideline value

The current guideline value of Om Eswari Street in Ramapuram village is Rs 1,950 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class III Type - I.

How the guideline value of Om Eswari Street has changed

Over the years, the guideline value of Om Eswari Street has seen several revisions. The 2007 revision set the value at Rs 900 per sq.ft, which increased to Rs 1,750 per sq.ft in 2012. However, this figure dropped to Rs 1,172 per sq.ft in 2017, marking a decrease of 33%. Following this, the value saw a significant rise to Rs 1,750 per sq.ft in 2023, and further increased to Rs 1,950 per sq.ft in the 2024 revision, reflecting an 11% increase from the previous year.

The overall change from the 2007 revision to the 2024 revision is an increase of 117%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft, with a median value of Rs 3,100 per sq.ft. The guideline value of Om Eswari Street is below this median.

Stamp duty and registration fee for property in Om Eswari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value would be Rs 19,50,000. The stamp duty at 7% would be Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, bringing the total cost for these fees to Rs 1,75,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Om Eswari Street?

The Sub Registrar Office that covers Om Eswari Street is the Chennai South Joint II 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 Ramapuram

The guideline value is a crucial factor in property transactions in Ramapuram. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider the guideline value as it directly influences the overall cost of the transaction.

When registering a property, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being exchanged.

Frequently asked questions

What is the current guideline value of Om Eswari Street?

The current guideline value of Om Eswari Street is Rs 1,950 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 900 per sq.ft in 2007 to Rs 1,950 per sq.ft in 2024, marking an overall increase of 117%.

What are the stamp duty and registration fees for property in Om Eswari Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,50,000. The stamp duty at 7% is Rs 1,36,500, and the registration fee at 2% is Rs 39,000, totaling Rs 1,75,500.

Which Sub Registrar Office covers Om Eswari Street?

Om Eswari Street is covered by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared to the sale price, and the higher value is used for calculating the applicable duties and fees.