Guideline Value

Corporate

Guideline Value for Othandeeswarar Nagar

₹550/sq.ft.

The guideline value for Othandeeswarar Nagar in Udaiyavarkoil village (Poonamallee SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 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

Udaiyavarkoil

Village

Poonamallee

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /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.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[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 Othandeeswarar Nagar

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Othandeeswarar Nagar guideline value

The current guideline value of Othandeeswarar Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Udaiyavarkoil village, under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Othandeeswarar Nagar has changed

The guideline value of Othandeeswarar Nagar has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2012, marking a 400% increase. However, it then decreased to Rs 335 per sq.ft in 2017, reflecting a 33% drop. Following this, the value rose to Rs 500 per sq.ft in 2023, and further increased to the current rate of Rs 550 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 450%, reaching the current figure of Rs 550 per sq.ft.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,400 per sq.ft, with the median being Rs 550 per sq.ft. Othandeeswarar Nagar's current guideline value matches this median.

Stamp duty and registration fee for property in Othandeeswarar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Othandeeswarar Nagar?

The Sub Registrar Office that covers Othandeeswarar Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value is an essential factor in the property registration process in Udaiyavarkoil. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees during the transaction.

When buying or selling property, it is crucial to be aware of the current guideline value as it influences the overall costs associated with the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Othandeeswarar Nagar?

The current guideline value of Othandeeswarar Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, showing an overall increase of 450% over the years.

What are the other streets in Udaiyavarkoil and their guideline values?

Other streets in Udaiyavarkoil include Nedunsalai at Rs 990 per sq.ft, Pillaiyar Koil Street at Rs 825 per sq.ft, and several others, with Othandeeswarar Nagar matching the median value of Rs 550 per sq.ft.

What is the stamp duty rate for properties in Othandeeswarar Nagar?

The stamp duty rate for properties in Othandeeswarar Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Othandeeswarar Nagar located?

The Sub Registrar Office for Othandeeswarar Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.