Guideline Value

Corporate

Guideline Value for Om Sakthi Nagar 3rd Street

₹3850/sq.ft.

The guideline value for Om Sakthi Nagar 3rd Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. 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 ₹3500 /sq.ft.
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 ₹1100 /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 3rd Street

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Om Sakthi Nagar 3rd Street guideline value

The current guideline value of Om Sakthi Nagar 3rd 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 falls under the Residential Class II Type - I land classification.

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

The guideline value for Om Sakthi Nagar 3rd Street has seen significant changes over the years. In 2002, the value was Rs 414 per sq.ft, which increased to Rs 450 per sq.ft in 2003, marking a 9% rise. The value continued to rise to Rs 1,100 per sq.ft in 2007, reflecting a substantial increase of 144%. By 2012, the guideline value remained at Rs 3,500 per sq.ft, with no change noted until 2023.

In 2023, the guideline value was again Rs 3,500 per sq.ft, and it saw a 10% increase to reach the current value of Rs 3,850 per sq.ft in 2024. Notably, there was no figure recorded for the street in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by 830%.

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 3rd Street.

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 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling 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 the stamp duty and registration fee calculator for more detailed calculations.

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

The Om Sakthi Nagar 3rd Street falls under the jurisdiction of 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 a crucial factor in property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area. The guideline value ensures that the government receives appropriate revenue based on the property’s value.

When a property is sold, the guideline value serves as a benchmark for calculating the registration charges. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

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 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 414 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 830%.

What is the registration office for Om Sakthi Nagar 3rd Street?

The registration 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.

What are the stamp duty and registration fees for properties here?

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.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a benchmark for the property’s value, ensuring compliance with legal requirements.