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Guideline Value

Corporate

Guideline Value for Om Sakthi Nagar 5th Street

₹3850/sq.ft.

The guideline value for Om Sakthi Nagar 5th 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 5th Street

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Om Sakthi Nagar 5th Street guideline value

The current guideline value of Om Sakthi Nagar 5th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Om Sakthi Nagar 5th Street has changed

Over the years, the guideline value for Om Sakthi Nagar 5th Street has seen significant changes. In 2002, the guideline value was Rs 414 per sq.ft. This figure increased to Rs 450 per sq.ft in 2003, marking a change of +9%. The value further rose to Rs 500 per sq.ft in 2007, which was an increase of +11%. A substantial jump occurred in 2012, when the value reached Rs 3,500 per sq.ft, reflecting an increase of +600% from the previous revision. However, there are no figures available for the year 2017.

In 2023, the guideline value remained at Rs 3,500 per sq.ft. The most recent revision in 2024 saw the guideline value increase to Rs 3,850 per sq.ft, which is a change of +10% from the previous year. 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 that carry a 2024 guideline value 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 equal to the 2024 figure for Om Sakthi Nagar 5th Street.

Stamp duty and registration fee for property in Om Sakthi Nagar 5th 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.

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

Which Sub Registrar Office covers Om Sakthi Nagar 5th Street?

The Om Sakthi Nagar 5th Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used by the registration office to calculate the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar 5th Street?

The current guideline value of Om Sakthi Nagar 5th 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 land classification for Om Sakthi Nagar 5th Street?

The land classification for Om Sakthi Nagar 5th Street is Residential Class II Type - I.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,46,500, based on the guideline value of Rs 38,50,000.

Which office handles the registration for Om Sakthi Nagar 5th Street?

The registration for Om Sakthi Nagar 5th Street is handled by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.