Guideline Value

Corporate

Guideline Value for Sri Omsakthi Nagar

₹660/sq.ft.

The guideline value for Sri Omsakthi Nagar in Sundaracholavaram village (Kunrathur SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sundaracholavaram

Village

Kunrathur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /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.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 Sri Omsakthi Nagar

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Sri Omsakthi Nagar guideline value

The current guideline value of Sri Omsakthi Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Sundaracholavaram village under the Kunrathur SRO, classified as Residential Class I Type - III.

How the guideline value of Sri Omsakthi Nagar has changed

The guideline value for Sri Omsakthi Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 250 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a 140% rise. However, the value dropped to Rs 402 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision brought the value up to Rs 600 per sq.ft, and the most recent 2024 revision has set it at Rs 660 per sq.ft, an increase of 10% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 164%.

Guideline values in Sundaracholavaram

Sundaracholavaram has a total of 57 streets under the Kunrathur SRO, with guideline values ranging from Rs 550 to Rs 4,600 per sq.ft. The median guideline value for the area is Rs 660 per sq.ft, which matches the current guideline value for Sri Omsakthi Nagar.

Stamp duty and registration fee for property in Sri Omsakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. 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 Sri Omsakthi Nagar?

The Sub Registrar Office covering Sri Omsakthi 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 Sundaracholavaram

The guideline value is essential during property transactions in Sundaracholavaram, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and avoid penalties.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. It is crucial to be aware of the current guideline value to accurately assess the financial implications of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Sri Omsakthi Nagar?

The current guideline value of Sri Omsakthi Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, showing an overall increase of 164% over these years.

What is the median guideline value in Sundaracholavaram?

The median guideline value in Sundaracholavaram is Rs 660 per sq.ft, which is the same as the current guideline value for Sri Omsakthi Nagar.

What fees are associated with property registration in Sri Omsakthi Nagar?

When registering property in Sri Omsakthi Nagar, the fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles registrations for properties in Sri Omsakthi Nagar.