Guideline Value for OCEAN SPRING

Ocean Spring guideline value

The current guideline value of Ocean Spring is Rs 2,239 per sq.ft, as per the 2023 revision. This property is located in Thaiyur - B village, under the Thiruporur SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Ocean Spring has changed

The guideline value of Ocean Spring has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,500 per sq.ft. This figure increased to Rs 2,239 per sq.ft in the 2023 revision, marking a change of +49% from the previous revision.

It is important to note that there are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions with available figures are from 2017 and 2023.

Guideline values in Thaiyur - B

Currently, there are no specific village figures available for Thaiyur - B. Ocean Spring is the only street mentioned in this area under the Thiruporur SRO.

Stamp duty and registration fee for property in Ocean Spring

For a 1,000 sq.ft plot at the current guideline value of Rs 2,239 per sq.ft, the total guideline value would be Rs 22,39,000. The stamp duty at 7% would amount to Rs 1,56,730, and the registration fee at 2% would be Rs 44,780, bringing the total fees together to Rs 2,01,510. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ocean Spring?

The Ocean Spring property falls under the jurisdiction of the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thaiyur - B

The guideline value plays a crucial role during the registration process when buying or selling property in Thaiyur - B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer is required to pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ocean Spring?

The current guideline value of Ocean Spring is Rs 2,239 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,500 per sq.ft to Rs 2,239 per sq.ft, which is a change of +49%.

Are there any guideline values available for the years 2002, 2003, 2007, 2012, and 2024?

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for Ocean Spring.

What are the stamp duty and registration fees for a property in Ocean Spring?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,56,730, and the registration fee would be Rs 44,780, totaling Rs 2,01,510. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Ocean Spring located?

The Thiruporur Sub Registrar Office covers Ocean Spring and is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.