Guideline Value

Corporate

Guideline Value for Om Sakthi Nagar

₹1004/sq.ft.

The guideline value for Om Sakthi Nagar in Vadaperumbakkam village (Redhills SRO, Chennai zone) is Rs 1004 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 67% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadaperumbakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1004 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹39 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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

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Om Sakthi Nagar guideline value

The current guideline value of Om Sakthi Nagar is Rs 1,004 per sq.ft, effective from 1 July 2024. This area is located in Vadaperumbakkam village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Om Sakthi Nagar has changed

Since 2003, the guideline value of Om Sakthi Nagar has seen significant changes. In 2003, the value was Rs 39 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The value then rose to Rs 600 per sq.ft in 2012, but fell to Rs 402 per sq.ft in 2017. The 2023 revision set the value at Rs 600 per sq.ft, before a substantial increase to Rs 1,004 per sq.ft in 2024.

The changes between revisions are noteworthy. From 2003 to 2007, the guideline value increased by 669%. The value then saw a 100% rise from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and the most recent revision from 2023 to 2024 reflects a 67% increase. Overall, from 2003 to 2024, the guideline value has increased by 2474%.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 1,300 per sq.ft. The median value is Rs 1,003 per sq.ft, placing Om Sakthi Nagar's 2024 value above this median.

Stamp duty and registration fee for property in Om Sakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,004 per sq.ft, the total guideline value amounts to Rs 10,04,000. The stamp duty at 7% would be Rs 70,280, and the registration fee at 2% would be Rs 20,080, bringing the total to Rs 90,360. Please note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Om Sakthi Nagar?

Om Sakthi Nagar falls under the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Vadaperumbakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are transparent and standardized across the region.

When buying or selling property, the guideline value helps determine the minimum value on which taxes are assessed. This ensures that both buyers and sellers are aware of the financial implications associated with the transaction.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar?

The current guideline value of Om Sakthi Nagar is Rs 1,004 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 39 per sq.ft in 2003 to Rs 1,004 per sq.ft in 2024, reflecting an overall increase of 2474% over the years.

What is the registration office for Om Sakthi Nagar?

Om Sakthi Nagar is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Om Sakthi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total cost of Rs 90,360 for stamp duty and registration fees.

What are the guideline values of other streets in Vadaperumbakkam?

Other streets in Vadaperumbakkam have varying guideline values, with rates ranging from Rs 1,000 to Rs 1,300 per sq.ft. For instance, Om Kanniamman Nagar and New Star City both have a guideline value of Rs 1,000 per sq.ft in 2024.