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Guideline Value

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Guideline Value for OM LAKSHMI NAGAR PART - I

₹440/sq.ft.

The guideline value for Om Lakshmi Nagar Part - I in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[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]
Records for a plot on Om Lakshmi Nagar Part - I

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Om Lakshmi Nagar Part - I guideline value

The current guideline value of Om Lakshmi Nagar Part - I is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village and falls under the Redhills SRO, classified as Residential Class III Type - I.

How the guideline value of Om Lakshmi Nagar Part - I has changed

Over the years, the guideline value for Om Lakshmi Nagar Part - I has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which was later revised to Rs 268 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 brought the guideline value to Rs 440 per sq.ft, a 10% increase from the previous year.

It's important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 365 to Rs 1,792 per sq.ft, with the median being Rs 440 per sq.ft. The guideline value for Om Lakshmi Nagar Part - I matches this median.

Stamp duty and registration fee for property in Om Lakshmi Nagar Part - I

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Om Lakshmi Nagar Part - I?

The Sub Registrar Office that covers Om Lakshmi Nagar Part - I is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vilangadupakkam. It is used to determine the stamp duty and registration fees payable at the time of property registration.

When a property is sold, the guideline value helps in establishing the official value for taxation purposes. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the appropriate fees are paid during the registration process.

Frequently asked questions

What is the current guideline value of Om Lakshmi Nagar Part - I?

The current guideline value of Om Lakshmi Nagar Part - I is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the stamp duty for property in Om Lakshmi Nagar Part - I?

The stamp duty for property in Om Lakshmi Nagar Part - I is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800.

Which Sub Registrar Office handles registrations for Om Lakshmi Nagar Part - I?

The Redhills Sub Registrar Office handles registrations for Om Lakshmi Nagar Part - I, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the guideline values for other streets in Vilangadupakkam?

Other streets in Vilangadupakkam have varying guideline values. For instance, Omm Lakshme Nagar Annexe is valued at Rs 550 per sq.ft, while Padma Nagar, Padmavathi Garden, and Padmavathi Nagar are all valued at Rs 440 per sq.ft.