Guideline Value

Corporate

Guideline Value for OMSHAKTHY INDUSTRIAL PARK

₹3860/sq.ft.

The guideline value for Omshakthy Industrial Park in Thirumudivakkam village (Padappai SRO, Chennai zone) is Rs 3860 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Industries Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumudivakkam

Village

Padappai

SRO

Industries Type - II
History
Period Guideline Value
From 1-7-2024 ₹3860 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 Omshakthy Industrial Park

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Omshakthy Industrial Park guideline value

The current guideline value of Omshakthy Industrial Park is Rs 3,860 per sq.ft, effective from 1 July 2024. This property is located in Thirumudivakkam village under the Padappai SRO, classified as Industries Type - II.

How the guideline value of Omshakthy Industrial Park has changed

The guideline value for Omshakthy Industrial Park has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,860 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 3,500 per sq.ft. Prior to 2023, there are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has risen from Rs 3,500 per sq.ft in 2023 to Rs 3,860 per sq.ft in 2024. This increase reflects the current valuation trends within the area, while earlier revisions do not provide specific figures for Omshakthy Industrial Park.

Guideline values in Thirumudivakkam

In Thirumudivakkam, there are 56 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,860 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value of Omshakthy Industrial Park is above this median.

Stamp duty and registration fee for property in Omshakthy Industrial Park

For a 1,000 sq.ft plot at the current guideline value of Rs 3,860 per sq.ft, the total guideline value amounts to Rs 38,60,000. The stamp duty at 7% would be Rs 2,70,200, and the registration fee at 2% would be Rs 77,200, bringing the total to Rs 3,47,400. Please note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Omshakthy Industrial Park?

The Sub Registrar Office that covers Omshakthy Industrial Park is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumudivakkam. It determines the amount of stamp duty and registration fees that must be paid, ensuring that both buyers and sellers are aware of the legal valuation of the property.

When buying or selling property, it is important to consider the guideline value as it can impact the overall cost of the transaction. The registration process will require adherence to these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Omshakthy Industrial Park?

The current guideline value of Omshakthy Industrial Park is Rs 3,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,860 per sq.ft in 2024, marking a 10% increase. There are no figures available for the revisions prior to 2023 for this street.

What is the land classification of Omshakthy Industrial Park?

Omshakthy Industrial Park is classified as Industries Type - II. This classification is important for understanding the zoning and permissible activities in the area.

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

For a property valued at Rs 38,60,000, the stamp duty at 7% would be Rs 2,70,200, and the registration fee at 2% would be Rs 77,200, totaling Rs 3,47,400. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. This office handles the registration of properties in the Omshakthy Industrial Park area.