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Guideline Value

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Guideline Value for Om Sakthi Nagar (Others) 3rd Street

₹3850/sq.ft.

The guideline value for Om Sakthi Nagar (others) 3rd Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /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. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Om Sakthi Nagar (others) 3rd Street

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Om Sakthi Nagar (Others) 3rd Street guideline value

The current guideline value of Om Sakthi Nagar (Others) 3rd Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Om Sakthi Nagar (Others) 3rd Street has changed

The guideline value for Om Sakthi Nagar (Others) 3rd Street has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 3,500 per sq.ft. From 2012 to 2024, the value increased by 10%, bringing it to the current rate of Rs 3,850 per sq.ft.

There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street. The 2024 revision represents a significant update, aligning with the median guideline value for streets in Valasaravakkam.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,850 per sq.ft, which is the same as the current value for Om Sakthi Nagar (Others) 3rd Street.

Stamp duty and registration fee for property in Om Sakthi Nagar (Others) 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total Rs 3,46,500. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Om Sakthi Nagar (Others) 3rd Street?

The Sub Registrar Office that covers Om Sakthi Nagar (Others) 3rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value is an essential factor during the registration of property transactions in Valasaravakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value helps in calculating the total cost involved in the transaction. It ensures that the fees are based on a standardized value, which is crucial for transparency in property dealings.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar (Others) 3rd Street?

The current guideline value of Om Sakthi Nagar (Others) 3rd Street is Rs 3,850 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 2012 to Rs 3,850 per sq.ft in 2024, marking a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Om Sakthi Nagar (Others) 3rd Street?

The land classification for Om Sakthi Nagar (Others) 3rd Street is Residential Class II Type - I.

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

For a 1,000 sq.ft plot, the guideline value is Rs 38,50,000. The stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which office handles registrations for Om Sakthi Nagar (Others) 3rd Street?

The Virugambakkam Sub Registrar Office handles registrations for Om Sakthi Nagar (Others) 3rd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.