Guideline Value for METRO OMR CASTLE CITY NEW EXTENSION PHASE V

Metro Omr Castle City New Extension Phase V guideline value

The current guideline value of Metro Omr Castle City New Extension Phase V is Rs 1,330 per sq.ft. This property is located in Venpedu village, under the Thiruporur SRO, and falls under the Residential Special Type - I land classification.

How the guideline value of Metro Omr Castle City New Extension Phase V has changed

The guideline value for Metro Omr Castle City New Extension Phase V has remained consistent at Rs 1,330 per sq.ft since the 2023 revision, which also recorded the same value. Prior to this, the register has no figure for this street in 2017, 2012, 2007, 2003, and 2002.

From 2023 to 2024, there has been no change in the guideline value, maintaining a steady rate of Rs 1,330 per sq.ft. This indicates stability in the valuation for this property over the last two revisions.

Guideline values in Venpedu

In Venpedu, there are 24 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 605 to Rs 2,100 per sq.ft, with a median value of Rs 1,784 per sq.ft. The guideline value for Metro Omr Castle City New Extension Phase V is below this median.

• Metro Omr Castle City New Extension Phase IV: Rs 1,330 per sq.ft (2024)
• Metro Omr Castle City New Extension Phase VI: Rs 1,330 per sq.ft (2024)
• Metro Omr Castle City Extn Ph III: Rs 1,784 per sq.ft (2024)
• Metro Omr Castle City Extn Ph II: Rs 1,784 per sq.ft (2024)
• Metro Omr Castle City Extn Ph I: Rs 1,784 per sq.ft (2024)
• Metro Omr Castle City: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Metro Omr Castle City New Extension Phase V

For a 1,000 sq.ft plot at the current guideline value of Rs 1,330 per sq.ft, the total guideline value amounts to Rs 13,30,000. The stamp duty at 7% would be Rs 93,100, and the registration fee at 2% would be Rs 26,600, making the total cost for these fees Rs 1,19,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Metro Omr Castle City New Extension Phase V?

The Sub Registrar Office that covers Metro Omr Castle City New Extension Phase V is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Venpedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value for Metro Omr Castle City New Extension Phase V?

The current guideline value for Metro Omr Castle City New Extension Phase V is Rs 1,330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 1,330 per sq.ft from the 2023 revision to the 2024 revision. The register has no figure for this street in the revisions of 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 13,30,000, the stamp duty would be Rs 93,100 and the registration fee would be Rs 26,600, totaling Rs 1,19,700. These fees are based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office handles registrations for this property?

The Thiruporur Sub Registrar Office handles registrations for properties in Metro Omr Castle City New Extension Phase V. The office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What is the land classification for Metro Omr Castle City New Extension Phase V?

The land classification for Metro Omr Castle City New Extension Phase V is Residential Special Type - I, which defines the usage and regulations applicable to this property.