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Guideline Value

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Guideline Value for OMM LAKSHME NAGAR ANNEXE

₹550/sq.ft.

The guideline value for Omm Lakshme Nagar Annexe in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹500 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Omm Lakshme Nagar Annexe

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Omm Lakshme Nagar Annexe guideline value

The current guideline value of Omm Lakshme Nagar Annexe is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Omm Lakshme Nagar Annexe has changed

The guideline value for Omm Lakshme Nagar Annexe has seen several revisions over the years. The 2017 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the guideline value to Rs 550 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2024, the overall change in the guideline value is also +10%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

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 a median value of Rs 440 per sq.ft. Omm Lakshme Nagar Annexe's 2024 guideline value of Rs 550 per sq.ft is above this median.

Stamp duty and registration fee for property in Omm Lakshme Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. 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 more precise calculations.

Which Sub Registrar Office covers Omm Lakshme Nagar Annexe?

The Omm Lakshme Nagar Annexe falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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 serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When you register a property, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller adhere to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Omm Lakshme Nagar Annexe?

The current guideline value of Omm Lakshme Nagar Annexe is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2017 to 2023, with a 10% increase to Rs 550 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees would amount to Rs 49,500 based on the current guideline value.

Which Sub Registrar Office covers this area?

The Redhills Sub Registrar Office covers Omm Lakshme Nagar Annexe, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the median guideline value in Vilangadupakkam?

The median guideline value in Vilangadupakkam is Rs 440 per sq.ft, with the current value of Omm Lakshme Nagar Annexe being above this median at Rs 550 per sq.ft.