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Guideline Value

Corporate

Guideline Value for OM SAKTHI NAGAR AVENUE EXTN -II

₹500/sq.ft.

The guideline value for Om Sakthi Nagar Avenue Extn -ii in Kayirambedu village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kayirambedu

Village

Chengleput Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹500 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Om Sakthi Nagar Avenue Extn -ii

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Om Sakthi Nagar Avenue Extn -II guideline value

The current guideline value of Om Sakthi Nagar Avenue Extn -II is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Kayirambedu village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Om Sakthi Nagar Avenue Extn -II has changed

The guideline value for Om Sakthi Nagar Avenue Extn -II has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a decrease to Rs 335 per sq.ft, which was then increased to Rs 500 per sq.ft in both the 2023 and 2024 revisions, resulting in a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

For the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 500 per sq.ft.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,550 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Om Sakthi Nagar Avenue Extn -II is below this median.

Stamp duty and registration fee for property in Om Sakthi Nagar Avenue Extn -II

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total charges to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Om Sakthi Nagar Avenue Extn -II?

The Om Sakthi Nagar Avenue Extn -II falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kayirambedu. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar Avenue Extn -II?

The current guideline value of Om Sakthi Nagar Avenue Extn -II is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, remaining at Rs 500 per sq.ft in 2012, 2023, and 2024, while it decreased to Rs 335 per sq.ft in 2017. The overall change from 2012 to 2024 is 0%.

What is the stamp duty for properties in Om Sakthi Nagar Avenue Extn -II?

The stamp duty for properties in Om Sakthi Nagar Avenue Extn -II is charged at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000.

Which office handles property registrations for Om Sakthi Nagar Avenue Extn -II?

The Chengleput Joint II Sub Registrar Office handles property registrations for Om Sakthi Nagar Avenue Extn -II. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Om Sakthi Nagar Avenue Extn -II?

The land classification for Om Sakthi Nagar Avenue Extn -II is Residential Class I Type - I, indicating its suitability for residential development.