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Guideline Value

Corporate

Guideline Value for OMR (Rajiv Gandhi Salai)

₹6100/sq.ft.

The guideline value for Omr (rajiv Gandhi Salai) in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 6100 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 11% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6100 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /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)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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 Omr (rajiv Gandhi Salai)

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OMR (Rajiv Gandhi Salai) guideline value

The current guideline value of OMR (Rajiv Gandhi Salai) is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village and falls under the Adayar SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of OMR (Rajiv Gandhi Salai) has changed

Over the years, the guideline value of OMR (Rajiv Gandhi Salai) has seen several revisions. The oldest recorded figure is from 2012, which was Rs 5,500 per sq.ft. In 2017, this value decreased to Rs 3,685 per sq.ft, marking a decline of 33%. However, in 2023, the guideline value increased significantly to Rs 5,500 per sq.ft, and further rose to Rs 6,100 per sq.ft in 2024, reflecting an increase of 11% from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, comparing the figures from 2012 to 2024, there has been an increase of 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO, with guideline values for 2024 ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value for this area is Rs 3,900 per sq.ft, placing the guideline value of OMR (Rajiv Gandhi Salai) above this median.

Stamp duty and registration fee for property in OMR (Rajiv Gandhi Salai)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, bringing the total cost for these fees to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers OMR (Rajiv Gandhi Salai)?

The Sub Registrar Office that covers OMR (Rajiv Gandhi Salai) is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kottivakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of OMR (Rajiv Gandhi Salai)?

The current guideline value of OMR (Rajiv Gandhi Salai) is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,500 in 2012 to Rs 3,685 in 2017, then increased to Rs 5,500 in 2023, and finally to Rs 6,100 in 2024. The overall change from 2012 to 2024 is an increase of 11%.

What is the land classification for OMR (Rajiv Gandhi Salai)?

The land classification for OMR (Rajiv Gandhi Salai) is Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for OMR (Rajiv Gandhi Salai)?

The Sub Registrar Office for OMR (Rajiv Gandhi Salai) is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Kottivakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 61,00,000, the stamp duty would be Rs 4,27,000 at a rate of 7%.