Guideline Value for OLIVE WAVES

Olive Waves guideline value

The current guideline value of Olive Waves, located in Thiruvidanthai village under the Thiruporur SRO, is Rs 1,500 per sq.ft. This area is classified as Commercial Class I Type - I.

How the guideline value of Olive Waves has changed

The guideline value for Olive Waves has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. However, in the 2017 revision, it decreased to Rs 1,005 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the guideline value rise to Rs 1,500 per sq.ft again, reflecting an increase of 49% from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value has remained unchanged at Rs 1,500 per sq.ft. It is important to note that the register has no figures for the revisions in 2024, 2007, 2003, and 2002 for this street.

Guideline values in Thiruvidanthai

Currently, there are no specific village figures available for Thiruvidanthai. Olive Waves is one of the streets under the Thiruporur SRO.

Stamp duty and registration fee for property in Olive Waves

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Together, the total cost for stamp duty and registration fee would be Rs 1,35,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Olive Waves?

The Olive Waves area is covered by 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 Thiruvidanthai

The guideline value plays a crucial role in the registration process of property transactions in Thiruvidanthai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to understand the financial obligations involved in property transactions.

Frequently asked questions

What is the current guideline value of Olive Waves?

The current guideline value of Olive Waves is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Olive Waves was Rs 1,500 per sq.ft in 2012, decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023. The overall change from 2012 to 2023 is 0%.

What is the stamp duty rate for property in Olive Waves?

The stamp duty rate for property in Olive Waves is 7% of the guideline value or sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

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

Is there a calculator for stamp duty and registration fees?

Yes, there is a stamp duty and registration fee calculator available for calculating these fees based on the guideline value.