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Guideline Value

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Guideline Value for Om Sakthi Nagar 1st Street

₹3850/sq.ft.

The guideline value for Om Sakthi Nagar 1st 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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹450 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹414 /sq.ft.
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 1st Street

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Om Sakthi Nagar 1st Street guideline value

The current guideline value of Om Sakthi Nagar 1st 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 1st Street has changed

The guideline value for Om Sakthi Nagar 1st Street has seen several revisions over the years. The earliest recorded figure is from 2002, when the guideline value was Rs 414 per sq.ft. This increased to Rs 450 per sq.ft in 2003, marking a change of +9%. In 2007, the value rose significantly to Rs 500 per sq.ft, which is a +11% increase from the previous revision. The 2012 revision saw a substantial jump to Rs 3,500 per sq.ft, reflecting a +600% change from 2007.

As of 2024, the guideline value stands at Rs 3,850 per sq.ft, which is a +10% increase from the 2012 figure. Overall, from 2002 to 2024, the guideline value has increased by +830%. It is important to note that there are no figures available for the revisions in 2017 and 2023 for this street.

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 for the area is Rs 3,850 per sq.ft, which is equal to the current guideline value of Om Sakthi Nagar 1st Street.

Stamp duty and registration fee for property in Om Sakthi Nagar 1st 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 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 1st Street?

The Sub Registrar Office that covers Om Sakthi Nagar 1st 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 is a crucial factor when registering property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is bought or sold, the guideline value ensures that the government receives the appropriate revenue from these transactions. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar 1st Street?

The current guideline value of Om Sakthi Nagar 1st 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 increased from Rs 414 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of +830% over the years.

What is the land classification for Om Sakthi Nagar 1st Street?

Om Sakthi Nagar 1st Street is classified as Residential Class II Type - I, which indicates its suitability for residential development.

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

The Sub Registrar Office for Om Sakthi Nagar 1st Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 38,50,000 would incur a stamp duty of Rs 2,69,500 at 7%.