Guideline Value

Corporate

Guideline Value for ORMES ROAD 1ST CROSS STREET

₹8800/sq.ft.

The guideline value for Ormes Road 1st Cross Street in Purasaivakkam village (Purasaivakkam SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Purasaivakkam

Village

Purasaivakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2800 /sq.ft.
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)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Ormes Road 1st Cross Street

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Ormes Road 1st Cross Street guideline value

The current guideline value of Ormes Road 1st Cross Street is Rs 8,800 per sq.ft. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ormes Road 1st Cross Street has changed

The guideline value for Ormes Road 1st Cross Street has undergone several revisions over the years. In 2007, the value was Rs 2,800 per sq.ft, which increased significantly to Rs 8,000 per sq.ft in 2012. However, it saw a decrease to Rs 5,360 per sq.ft in 2017, before rising again to Rs 8,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 8,800 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 214%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value is Rs 5,500 per sq.ft, placing Ormes Road 1st Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in Ormes Road 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, while the registration fee at 2% would be Rs 1,76,000, bringing the total charges to Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ormes Road 1st Cross Street?

The Sub Registrar Office that covers Ormes Road 1st Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is an essential aspect when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the minimum value of a property, which is used for calculating stamp duty and registration fees during the transaction process.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is crucial for buyers and sellers to be aware of the current guideline value to understand their financial obligations better.

Frequently asked questions

What is the current guideline value of Ormes Road 1st Cross Street?

The current guideline value of Ormes Road 1st Cross Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 214% over the years.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 88,00,000, the total charges would be Rs 7,92,000.

Which office handles registrations for Ormes Road 1st Cross Street?

The Purasaivakkam Sub Registrar Office handles registrations for Ormes Road 1st Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

Where can I find more information on guideline values in Purasaivakkam?

For more information on guideline values in Purasaivakkam, you can refer to the Registration Department's guideline value register or explore the other streets listed in the area.