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Guideline Value

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Guideline Value for OM SAKTHI STREET (PER)

₹660/sq.ft.

The guideline value for Om Sakthi Street (per) in Panangottur village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Panangottur

Village

Chengleput Joint II

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /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 Street (per)

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Om Sakthi Street (Per) guideline value

The current guideline value of Om Sakthi Street (Per) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Om Sakthi Street (Per) has changed

The guideline value of Om Sakthi Street (Per) has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. This was followed by a significant increase in the 2023 revision to Rs 600 per sq.ft, and in the latest 2024 revision, it rose further to Rs 660 per sq.ft, marking a 10% increase from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it experienced a substantial increase of 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, placing Om Sakthi Street's 2024 figure below this median.

Stamp duty and registration fee for property in Om Sakthi Street (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. 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 Street (Per)?

The Sub Registrar Office that covers Om Sakthi Street (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are based on an official valuation of the property.

When a property is registered, the guideline value helps to establish the legal framework for the transaction, ensuring that both parties are aware of the costs involved. This value is particularly important as it can affect the overall expenses incurred during the buying or selling process.

Frequently asked questions

What is the current guideline value of Om Sakthi Street (Per)?

The current guideline value of Om Sakthi Street (Per) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What are the other streets in Panangottur and their guideline values?

Other streets in Panangottur include Om Sakthi Street (Ward -15) at Rs 440 per sq.ft, Ottakoothar Street (Ward -6) at Rs 1,320 per sq.ft, Paavanar Street (Ward -4) at Rs 1,760 per sq.ft, and several others, with values ranging up to Rs 1,980 per sq.ft.

What is the registration fee for property in Om Sakthi Street (Per)?

The registration fee for property in Om Sakthi Street (Per) is calculated based on the guideline value. For a 1,000 sq.ft plot, the total registration fee would be Rs 13,200.

Which office handles property registrations for Om Sakthi Street (Per)?

The Chengleput Joint II Sub Registrar Office handles property registrations for Om Sakthi Street (Per). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.