Olakadam

About Olakadam Village

Olakadam is a quaint revenue village nestled under the Anthiyur SRO in the Erode district of Tamil Nadu. This village is characterized by its diverse agricultural landscape and community. With a total of 1,006 survey numbers, Olakadam showcases 16 different land classifications, each with distinct characteristics and uses. The guideline values published for these classifications are essential for property transactions and investments in the region.

Land Classifications in Olakadam

In Tamil Nadu, land is classified into various categories, each influencing the guideline values significantly. Here are the primary classifications found in Olakadam:

• Wet Land (Nanjai): This category includes irrigated agricultural land that has a reliable water source, making it highly valuable for farming.
• Dry Land (Punjai): These are rain-fed agricultural lands which depend on natural rainfall, generally valued lower than wet lands due to uncertainty in yield.
• Garden Land: This classification covers orchards and areas cultivated with plantation crops, often fetching moderate to high values depending on the type of crops.
• Commercial: Land designated for business activities, generally attracting higher guideline values due to its potential for economic activity.
• Residential: This category is meant for housing and dwellings, with values influenced by location and amenities.
• Industrial: Land earmarked for manufacturing and industrial use, often valued based on proximity to infrastructure and labor availability.

The guideline value for each category is determined based on various factors including demand, location, and land use potential.

Understanding Survey Numbers

The survey number system in Tamil Nadu plays a crucial role in land identification and ownership verification. Here's how it works:

• Assignment of Survey Numbers: Each plot of land is assigned a unique survey number, which helps in maintaining records and ownership.
• Main Survey vs Subdivisions: Survey numbers can have subdivisions, such as 1/1, 1/2, etc., indicating different parcels within the same main survey number.
• Reading Your Patta: To find your survey number, refer to your patta or sale deed, where it is typically mentioned clearly.
• Verifying Survey Boundaries: For boundary verification, you can refer to the Field Measurement Book (FMB), which provides detailed boundary maps.

How to Find Your Guideline Value

Finding the guideline value for your property in Olakadam is straightforward. Follow these steps:

1. Identify Your Survey Number: Locate your survey number on your patta or sale deed.
2. Find the Correct Land Classification: Determine the land classification applicable to your property.
3. Locate the Value: Use the table of guideline values published for Olakadam to find the corresponding value for your classification.
4. Use Per Sq.ft Value: Calculate the total value by multiplying the per sq.ft value with the area of your land.
5. Consider Subdivision Factors: If your land has subdivisions, factor in their respective values as necessary.

Frequently Asked Questions

• How to find my survey number? You can find your survey number on your patta or sale deed.
• What is the difference between wet land and dry land values? Wet land generally has higher values due to irrigation, while dry land values are lower due to dependence on rainfall.
• Can I register below guideline value? Registration below the guideline value is not permissible, as it is mandated to follow the prescribed values.
• How often are village guideline values updated? Guideline values are typically reviewed and updated periodically, often annually or as necessary based on market trends.

Disclaimer

The guideline values mentioned are sourced from TNReginet and are effective as of July 2024. For any official transactions, it is advisable to verify the values with the Anthiyur Sub Registrar Office to ensure accuracy and compliance.