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Guideline Value

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Guideline Value for Om Sakthi Nagar (Others) 5th Street

₹3850/sq.ft.

The guideline value for Om Sakthi Nagar (others) 5th 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) 5th Street

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Om Sakthi Nagar (Others) 5th Street guideline value

The current guideline value of Om Sakthi Nagar (Others) 5th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Om Sakthi Nagar (Others) 5th Street has changed

In the 2012 revision, the guideline value was set at Rs 3,500 per sq.ft. This was the last recorded figure before the recent increase in 2024, which brought the value to Rs 3,850 per sq.ft, marking a change of +10%. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

The 2024 revision indicates a significant update in the guideline value, reflecting the current rate of Rs 3,850 per sq.ft. This new figure aligns with the median guideline value for Valasaravakkam, which ranges from Rs 2,750 to Rs 8,800 per sq.ft.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with the 2024 guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The guideline value of Om Sakthi Nagar (Others) 5th Street is equal to the median value of Rs 3,850 per sq.ft. Here are the guideline values for other streets in Valasaravakkam:

Stamp duty and registration fee for property in Om Sakthi Nagar (Others) 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total 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, bringing the total cost for these fees to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Om Sakthi Nagar (Others) 5th Street?

The Om Sakthi Nagar (Others) 5th Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Valasaravakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline values, as they can significantly impact the overall costs associated with property transactions. Being informed about these values helps in better financial planning and compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar (Others) 5th Street?

The current guideline value of Om Sakthi Nagar (Others) 5th 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 was Rs 3,500 per sq.ft in 2012, and it increased to Rs 3,850 per sq.ft in 2024, which is a change of +10%. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Om Sakthi Nagar (Others) 5th Street?

Om Sakthi Nagar (Others) 5th Street is classified as Residential Class II Type - I. This classification is important for understanding the types of developments permitted in the area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Om Sakthi Nagar (Others) 5th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000.