Guideline Value

Corporate

Guideline Value for Om Sakthi Nagar 10th Street

₹3850/sq.ft.

The guideline value for Om Sakthi Nagar 10th 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 10th Street

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Om Sakthi Nagar 10th Street guideline value

The current guideline value of Om Sakthi Nagar 10th 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 10th Street has changed

The guideline value for Om Sakthi Nagar 10th Street has seen revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 3,500 per sq.ft. The most recent revision in 2024 increased this value to Rs 3,850 per sq.ft, marking a 10% increase from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street. The current guideline value of Rs 3,850 per sq.ft aligns with the median value for the 774 streets in Valasaravakkam under the Virugambakkam SRO.

Guideline values in Valasaravakkam

In Valasaravakkam, the guideline values range from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. Om Sakthi Nagar 10th Street's current guideline value matches this median. Below are other streets in Valasaravakkam:

Stamp duty and registration fee for property in Om Sakthi Nagar 10th 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 to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Om Sakthi Nagar 10th Street?

The Sub Registrar Office that covers Om Sakthi Nagar 10th 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 more details.

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

The guideline value plays a crucial role during the registration of property transactions in Valasaravakkam. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When buying or selling a property, the guideline value is considered to determine the applicable charges. Buyers should be aware that the stamp duty is levied on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar 10th Street?

The current guideline value of Om Sakthi Nagar 10th 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, representing a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Om Sakthi Nagar 10th Street?

Om Sakthi Nagar 10th Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

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

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, totaling Rs 3,46,500. The duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations for Om Sakthi Nagar 10th Street?

The Virugambakkam Sub Registrar Office handles property registrations for Om Sakthi Nagar 10th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.