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Guideline Value

Corporate

Guideline Value for Omres road 4th cross street

₹13400/sq.ft.

The guideline value for Omres Road 4th Cross Street in Egmore village (Periamet SRO, Chennai zone) is Rs 13400 per sq.ft, effective 1 July 2024. It was Rs 12300 per sq.ft from 1 April 2023, a 9% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Egmore

Village

Periamet

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹13400 /sq.ft.
From 1-4-2023 ₹12300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8241 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹12300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹6580 /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)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Omres Road 4th Cross Street

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Omres road 4th cross street guideline value

The current guideline value of Omres road 4th cross street is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Mixed Type - I land.

How the guideline value of Omres road 4th cross street has changed

Looking at the historical revisions, the guideline value for Omres road 4th cross street was Rs 6,580 per sq.ft in 2007. It increased significantly to Rs 12,300 per sq.ft in 2012, marking an increase of 87%. However, the value then decreased to Rs 8,241 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 12,300 per sq.ft in 2023, and finally reached Rs 13,400 per sq.ft in 2024, showing a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 104%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value for Omres road 4th cross street is above this median.

Stamp duty and registration fee for property in Omres road 4th cross street

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value amounts to Rs 1,34,00,000. The stamp duty at 7% would be Rs 9,38,000, and the registration fee at 2% would be Rs 2,68,000, totaling Rs 12,06,000. It is important to 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 Omres road 4th cross street?

The Sub Registrar Office that covers Omres road 4th cross street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller registers a property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and tax purposes. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Omres road 4th cross street?

The current guideline value of Omres road 4th cross street is Rs 13,400 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 6,580 per sq.ft in 2007 to Rs 13,400 per sq.ft in 2024, representing an overall increase of 104% over the years.

What is the land classification for Omres road 4th cross street?

Omres road 4th cross street is classified as Mixed Type - I land, which is relevant for understanding its usage and development potential.

Where can I find the Sub Registrar Office for Omres road 4th cross street?

The Sub Registrar Office for Omres road 4th cross street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Egmore?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,34,00,000, the stamp duty would be calculated at 7% of that amount.