Guideline Value for OLD MAMALLAPURAM SALAI (OMR)

Old Mamallapuram Salai (Omr) guideline value

The current guideline value for Old Mamallapuram Salai (Omr) is Rs 2,205 per sq.ft, effective from 1 July 2024. This street is located in Kalavakkam village under the Thiruporur SRO, and it falls under the land classification of Mixed Type - II.

How the guideline value of Old Mamallapuram Salai (Omr) has changed

The guideline value for Old Mamallapuram Salai (Omr) has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft. However, this figure was reduced to Rs 1,340 per sq.ft in the 2017 revision. The value then increased significantly to Rs 2,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,205 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but the value rose by 49% from 2017 to 2023. The increase from 2023 to 2024 is 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kalavakkam

In Kalavakkam, there are 27 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 1,816 to Rs 4,250 per sq.ft. The median value for these streets is Rs 2,463 per sq.ft, indicating that the guideline value for Old Mamallapuram Salai (Omr) is below this median.

• Nakshatra: Rs 1,925 per sq.ft (2024)
• Marg Savithanjana: Rs 2,200 per sq.ft (2024)
• Marg Properites: Rs 1,980 per sq.ft (2024)
• Kandhan Kottam: Rs 1,925 per sq.ft (2024)
• Shanti Park: Rs 1,816 per sq.ft (2024)
• Sreevari Nagar: Rs 2,873 per sq.ft (2024)

Stamp duty and registration fee for property in Old Mamallapuram Salai (Omr)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,205 per sq.ft, the total guideline value amounts to Rs 22,05,000. The stamp duty at 7% would be Rs 1,54,350, while the registration fee at 2% would be Rs 44,100, bringing the total to Rs 1,98,450. Please 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 details.

Which Sub Registrar Office covers Old Mamallapuram Salai (Omr)?

The Sub Registrar Office that covers Old Mamallapuram Salai (Omr) 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 Kalavakkam

The guideline value is an important factor in the registration process when buying or selling property in Kalavakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Old Mamallapuram Salai (Omr)?

The current guideline value for Old Mamallapuram Salai (Omr) is Rs 2,205 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,205 per sq.ft in 2024.

What is the land classification for Old Mamallapuram Salai (Omr)?

Old Mamallapuram Salai (Omr) is classified as Mixed Type - II, which indicates the type of land use permitted in the area.

Which office handles registrations for properties in Kalavakkam?

The Thiruporur Sub Registrar Office handles registrations for properties in Kalavakkam. It is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for properties in Old Mamallapuram Salai (Omr)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 22,05,000 would incur a stamp duty of Rs 1,54,350 at 7%.