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Guideline Value

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Guideline Value for Ottiambakkam - Sithalapakkam Road (Gandhi Road)

₹2200/sq.ft.

The guideline value for Ottiambakkam - Sithalapakkam Road (gandhi Road) in Ottiyampakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ottiyampakkam

Village

Selaiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
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.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[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 Ottiambakkam - Sithalapakkam Road (gandhi Road)

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Ottiambakkam - Sithalapakkam Road (Gandhi Road) guideline value

The current guideline value for Ottiambakkam - Sithalapakkam Road (Gandhi Road) is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Ottiyampakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Ottiambakkam - Sithalapakkam Road (Gandhi Road) has changed

The guideline value for this road has seen several revisions over the years. In the 2012 revision, the value was set at Rs 2,000 per sq.ft, which was a decrease of 33% from the Rs 1,340 per sq.ft recorded in the 2017 revision. Following this, the value increased to Rs 2,000 per sq.ft in 2023, and then rose again to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median value among these streets is Rs 1,950 per sq.ft, making the current figure for Ottiambakkam - Sithalapakkam Road (Gandhi Road) above that median.

Stamp duty and registration fee for property in Ottiambakkam - Sithalapakkam Road (Gandhi Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ottiambakkam - Sithalapakkam Road (Gandhi Road)?

The Ottiambakkam - Sithalapakkam Road (Gandhi Road) falls under the jurisdiction of the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Ottiyampakkam. It serves as a benchmark for determining the minimum value at which property transactions can be registered. This ensures that the registration process is transparent and that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for Ottiambakkam - Sithalapakkam Road (Gandhi Road)?

The current guideline value for Ottiambakkam - Sithalapakkam Road (Gandhi Road) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, an increase of 10%. It was Rs 2,000 per sq.ft in 2012 and Rs 1,340 per sq.ft in 2017.

What is the land classification for this road?

The land classification for Ottiambakkam - Sithalapakkam Road (Gandhi Road) is Residential Special Type - I.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for property in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.