Guideline Value for OM GANAPATHY NAGAR

Om Ganapathy Nagar guideline value

The current guideline value of Om Ganapathy Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This locality is situated in SingaperumalKoil village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Om Ganapathy Nagar has changed

The guideline value for Om Ganapathy Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 100 per sq.ft. This figure saw a significant increase of 700% to Rs 800 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 536 per sq.ft. The subsequent revision in 2023 maintained this value at Rs 800 per sq.ft. The latest revision in 2024 again set the guideline value at Rs 800 per sq.ft, reflecting no change from the previous year.

It is important to note that the register does not provide figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 700%.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Om Ganapathy Nagar is below this median.

• Netaji Street (Anumandhapuram Salai) - East Side To G.S.T: Rs 1,500 per sq.ft (2024)
• Nathgee Nagar: Rs 1,500 per sq.ft (2024)
• Narasimavarmar Street: Rs 1,100 per sq.ft (2024)
• Pavender Street: Rs 1,100 per sq.ft (2024)
• Muthu Mariamman Koil Street: Rs 1,100 per sq.ft (2024)
• M.G.R. Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Om Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Om Ganapathy Nagar?

The Sub Registrar Office that covers Om Ganapathy Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in SingaperumalKoil

The guideline value plays a crucial role in the registration process when buying or selling property in SingaperumalKoil. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the registration process is aligned with the official valuation of the property in the area.

Frequently asked questions

What is the current guideline value of Om Ganapathy Nagar?

The current guideline value of Om Ganapathy Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, decreased to Rs 536 per sq.ft in 2017, and then remained at Rs 800 per sq.ft in 2023 and 2024.

What is the land classification of Om Ganapathy Nagar?

Om Ganapathy Nagar is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Om Ganapathy Nagar?

The Sub Registrar Office for Om Ganapathy Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Om Ganapathy Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at 7%.