Guideline Value

Corporate

Guideline Value for Om. Ganapathy Nagar

₹1540/sq.ft.

The guideline value for Om. Ganapathy Nagar in Mangadu -a village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 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

Mangadu -a

Village

Kunrathur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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. Ganapathy Nagar

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Om. Ganapathy Nagar guideline value

The current guideline value of Om. Ganapathy Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in the village of Mangadu -A under the Kunrathur SRO, classified as Residential Class II Type - I.

How the guideline value of Om. Ganapathy Nagar has changed

Over the years, the guideline value of Om. Ganapathy Nagar has undergone several revisions. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, a 10% increase from the 2023 revision of Rs 1,400 per sq.ft. Prior to that, in 2017, the value was Rs 938 per sq.ft, marking a significant increase of 49% to the 2023 figure. The overall change from the 2017 revision to the current 2024 value represents a 64% increase.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the only figures available are from the revisions in 2017, 2023, and 2024.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value of Om. Ganapathy Nagar is below this median.

Stamp duty and registration fee for property in Om. Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total charges to Rs 1,38,600. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Om. Ganapathy Nagar?

The Sub Registrar Office that covers Om. Ganapathy Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor in the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the transaction.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Om. Ganapathy Nagar?

The current guideline value of Om. Ganapathy Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased by 64% to reach the current value of Rs 1,540 per sq.ft in 2024. The value rose from Rs 938 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2023, and then to Rs 1,540 per sq.ft in 2024.

What are the other streets in Mangadu -A with their guideline values?

Other streets in Mangadu -A include Om. Sakthi Nagar and Om. Sakthi Nagar Annexe, both at Rs 1,870 per sq.ft, O.A.K. Nagar Annexe and Oa Dheen Nagar at Rs 2,200 per sq.ft, Othavadai Street at Rs 1,540 per sq.ft, and Nooruthin Nagar at Rs 2,090 per sq.ft.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles property registrations for Om. Ganapathy Nagar and surrounding areas.

How is stamp duty calculated for properties in Om. Ganapathy Nagar?

Stamp duty for properties in Om. Ganapathy Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.