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Guideline Value

Corporate

Guideline Value for Om Sakthi Nagar 4th Street

₹3850/sq.ft.

The guideline value for Om Sakthi Nagar 4th 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 ₹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 4th Street

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Om Sakthi Nagar 4th Street guideline value

The current guideline value of Om Sakthi Nagar 4th 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 4th Street has changed

The guideline value for Om Sakthi Nagar 4th Street has seen several revisions 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 change of +9%. By 2007, the value rose significantly to Rs 500 per sq.ft, reflecting an increase of +11%. The 2012 revision saw a substantial jump to Rs 3,500 per sq.ft, representing a remarkable +600% increase. However, there was no change from 2012 to 2023, as the value remained at Rs 3,500 per sq.ft. The latest revision in 2024 increased the value to Rs 3,850 per sq.ft, a rise of +10% from the previous year.

It is important to note that there is no figure available for the year 2017 in the register for Om Sakthi Nagar 4th Street. 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 the 2024 guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, which is the same as the current value for Om Sakthi Nagar 4th Street.

Stamp duty and registration fee for property in Om Sakthi Nagar 4th 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Om Sakthi Nagar 4th Street?

The Om Sakthi Nagar 4th Street falls under 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 Valasaravakkam

The guideline value plays a crucial role in the registration process of property transactions in Valasaravakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the total cost involved in the property transaction. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar 4th Street?

The current guideline value of Om Sakthi Nagar 4th 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 from Rs 414 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, marking an overall increase of +830% over the years.

What is the stamp duty rate for property transactions in Om Sakthi Nagar 4th Street?

The stamp duty rate for property transactions in Om Sakthi Nagar 4th Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Om Sakthi Nagar 4th Street?

The Virugambakkam Sub Registrar Office handles property registrations for Om Sakthi Nagar 4th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the registration fees for properties in Om Sakthi Nagar 4th Street?

The registration fee for properties in Om Sakthi Nagar 4th Street is 2% of the guideline value or the sale price, whichever is higher.