Guideline Value for OA DHEEN NAGAR

Oa Dheen Nagar guideline value

The current guideline value of Oa Dheen Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Oa Dheen Nagar has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. Oa Dheen Nagar's 2024 guideline value is above this median.

• O.A.K. Nagar Annexe: Rs 2,200 per sq.ft (2024)
• Om. Ganapathy Nagar: Rs 1,540 per sq.ft (2024)
• Om. Sakthi Nagar: Rs 1,870 per sq.ft (2024)
• Om. Sakthi Nagar Annexe: Rs 1,870 per sq.ft (2024)
• Nooruthin Nagar: Rs 2,090 per sq.ft (2024)
• Othavadai Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Oa Dheen Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Oa Dheen Nagar?

The Sub Registrar Office that covers Oa Dheen Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is an essential factor during the registration of property transactions in Mangadu -A. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the officially recognized value of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value for which the property should be registered. This transparency aids in fair transactions and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Oa Dheen Nagar?

The current guideline value of Oa Dheen Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

From the 2017 revision to the 2024 revision, the guideline value has increased by 64%, from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft.

What are the stamp duty and registration fees for a property in Oa Dheen Nagar?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Oa Dheen Nagar?

The Kunrathur Sub Registrar Office handles registrations for Oa Dheen Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Oa Dheen Nagar?

Oa Dheen Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.