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Guideline Value

Corporate

Guideline Value for Omathur Ramasamy reddiar Street

₹1980/sq.ft.

The guideline value for Omathur Ramasamy Reddiar Street in Kerugambakkam village (Pammal SRO, Chengalpattu zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kerugambakkam

Village

Pammal

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /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)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Omathur Ramasamy Reddiar Street

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Omathur Ramasamy reddiar Street guideline value

The current guideline value of Omathur Ramasamy reddiar Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Omathur Ramasamy reddiar Street has changed

The guideline value for Omathur Ramasamy reddiar Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Omathur Ramasamy reddiar Street is below this median.

Stamp duty and registration fee for property in Omathur Ramasamy reddiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. 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 Omathur Ramasamy reddiar Street?

The Omathur Ramasamy reddiar Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Kerugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Omathur Ramasamy reddiar Street?

The current guideline value of Omathur Ramasamy reddiar Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024. The 2023 revision saw an increase of 10% from the previous year.

What is the classification of Omathur Ramasamy reddiar Street?

Omathur Ramasamy reddiar Street is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the registration office for this street?

The registration office covering Omathur Ramasamy reddiar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000.