Guideline Value for OLYMPIA OPALINE

Olympia Opaline guideline value

The current guideline value of Olympia Opaline is Rs 4,000 per sq.ft, as per the 2023 revision. This property is located in Navaloor village under the Thiruporur SRO, and the land classification is Mixed Type - II.

How the guideline value of Olympia Opaline has changed

In the 2012 revision, the guideline value was Rs 4,000 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 2,680 per sq.ft, marking a reduction of 33%. However, from 2017 to the 2023 revision, the guideline value increased by 49%, bringing it back up to Rs 4,000 per sq.ft.

Overall, from the 2012 revision to the 2023 revision, the guideline value has not changed, remaining at Rs 4,000 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Navaloor

Currently, there are no specific village figures available for Navaloor. Olympia Opaline is situated in this village, and there are no other streets in Navaloor under the Thiruporur SRO listed.

Stamp duty and registration fee for property in Olympia Opaline

For a 1,000 sq.ft plot at the current rate of Rs 4,000 per sq.ft, the guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total to Rs 3,60,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Olympia Opaline?

The Sub Registrar Office that covers Olympia Opaline 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 Navaloor

The guideline value is a crucial factor in the registration process when buying or selling property in Navaloor. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value or the sale price, whichever is higher, is considered for calculating the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Olympia Opaline?

The current guideline value of Olympia Opaline is Rs 4,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 4,000 per sq.ft in the 2023 revision, resulting in an overall change of 0% from 2012 to 2023.

What is the stamp duty for a property in Olympia Opaline?

The stamp duty for a property in Olympia Opaline is 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot valued at Rs 40,00,000, the stamp duty would be Rs 2,80,000.

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 any guideline value for the year 2024?

The register has no figure for the year 2024 for Olympia Opaline. Therefore, the current guideline value remains as per the 2023 revision.