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Guideline Value

Corporate

Guideline Value for Om Sakthi Nagar 3rd Street

₹3600/sq.ft.

The guideline value for Om Sakthi Nagar 3rd Street in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 3600 per sq.ft, effective 1 July 2024. It was Rs 3250 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3600 /sq.ft.
From 1-4-2023 ₹3250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2177 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹206 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹188 /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 3rd Street

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Om Sakthi Nagar 3rd Street guideline value

The current guideline value for Om Sakthi Nagar 3rd Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, classified as Residential Class I Type - II.

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

The guideline value for Om Sakthi Nagar 3rd Street has seen several revisions over the years. In 2002, the guideline value was Rs 188 per sq.ft, which increased to Rs 206 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 700 per sq.ft in 2007, an increase of 240%. Following this, the value surged to Rs 3,250 per sq.ft in 2012, reflecting a remarkable growth of 364%. However, it decreased to Rs 2,177 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 3,250 per sq.ft in 2023, before reaching the current figure of Rs 3,600 per sq.ft in 2024, representing an 11% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1815%. There are no figures available for any revisions other than those mentioned for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value in this area is Rs 3,050 per sq.ft, placing Om Sakthi Nagar 3rd Street above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, totaling Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

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

The Sub Registrar Office that covers Om Sakthi Nagar 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 more information.

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

The guideline value plays a crucial role during the registration of property transactions in Maduravoyal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is legally documented.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value helps in establishing a fair basis for the transaction, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of Om Sakthi Nagar 3rd Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 188 per sq.ft in 2002 to Rs 3,600 per sq.ft in 2024, reflecting an overall increase of 1815% over the years.

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

Om Sakthi Nagar 3rd Street is classified as Residential Class I Type - II.

What are the stamp duty rates applicable in Maduravoyal?

The stamp duty rate applicable in Maduravoyal is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Om Sakthi Nagar 3rd Street?

The Sub Registrar Office for Om Sakthi Nagar 3rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.