Guideline Value for Ohm Eswaran Street

Ohm Eswaran Street guideline value

The current guideline value of Ohm Eswaran Street is Rs 1,950 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ohm Eswaran Street has changed

The guideline value for Ohm Eswaran Street has undergone several revisions over the years. In 2012, the value was recorded at Rs 1,750 per sq.ft. This figure decreased significantly to Rs 1,172 per sq.ft in 2017. However, the value saw a substantial increase to Rs 1,750 per sq.ft in 2023, followed by another rise to the current value of Rs 1,950 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. The overall change from 2012 to 2024 reflects an increase of 11% in the guideline value.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that have a guideline value for 2024, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value for these streets is Rs 3,100 per sq.ft, placing Ohm Eswaran Street's 2024 figure below this median.

• Om Eswari Street: Rs 1,950 per sq.ft (2024)
• Nsk Nagar: Rs 1,950 per sq.ft (2024)
• Ottrai Vadai Street: Rs 1,950 per sq.ft (2024)
• Pachaiappan Street: Rs 1,950 per sq.ft (2024)
• Padmavathi Street: Rs 1,950 per sq.ft (2024)
• Palaiyakara Street: Rs 1,950 per sq.ft (2024)

Stamp duty and registration fee for property in Ohm Eswaran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value would be Rs 19,50,000. The stamp duty at 7% would amount to Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, bringing the total to Rs 1,75,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ohm Eswaran Street?

The Sub Registrar Office that covers Ohm Eswaran Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Ramapuram. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registers.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of property transactions. The guideline value is updated periodically, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value of Ohm Eswaran Street?

The current guideline value of Ohm Eswaran Street is Rs 1,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2012 to Rs 1,172 per sq.ft in 2017, then increased to Rs 1,750 per sq.ft in 2023, and finally to Rs 1,950 per sq.ft in 2024.

What is the land classification for Ohm Eswaran Street?

Ohm Eswaran Street is classified as Residential Class III Type - I under the Chennai South Joint II SRO.

What are the stamp duty and registration fees for property in Ohm Eswaran Street?

For a property valued at Rs 19,50,000, the stamp duty would be Rs 1,36,500 and the registration fee would be Rs 39,000, totaling Rs 1,75,500.

Where is the Sub Registrar Office for Ohm Eswaran Street located?

The Sub Registrar Office for Ohm Eswaran Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.