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Guideline Value

Corporate

Guideline Value for Om Sakthi Nagar 6th Street

₹3850/sq.ft.

The guideline value for Om Sakthi Nagar 6th 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 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 6th Street

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Om Sakthi Nagar 6th Street guideline value

The current guideline value of Om Sakthi Nagar 6th 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 6th Street has changed

The guideline value of Om Sakthi Nagar 6th Street has seen several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 650 per sq.ft. This figure experienced a significant increase to Rs 3,500 per sq.ft in 2012, marking a change of 438%. The value remained unchanged at Rs 3,500 per sq.ft until the next revision in 2023.

In 2023, the guideline value increased to Rs 3,850 per sq.ft, which represents a 10% rise from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 492%. It is important to note that the register has no figures for the years 2002, 2003, and 2017 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 2024 figure for Om Sakthi Nagar 6th Street.

Stamp duty and registration fee for property in Om Sakthi Nagar 6th 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 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 on calculating your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Om Sakthi Nagar 6th Street?

The Om Sakthi Nagar 6th 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 serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as per government regulations.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees that must be paid. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar 6th Street?

The current guideline value of Om Sakthi Nagar 6th 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 from Rs 650 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking a total increase of 492% over the years.

What is the land classification for Om Sakthi Nagar 6th Street?

Om Sakthi Nagar 6th Street is classified as Residential Class II Type - I, indicating its use for residential purposes.

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

For a property valued at the current guideline value of 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.

Which Sub Registrar Office covers Om Sakthi Nagar 6th Street?

The Virugambakkam Sub Registrar Office covers Om Sakthi Nagar 6th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.