Guideline Value for OM ENTERPRISES

Om Enterprises guideline value

The current guideline value of Om Enterprises in Kattur village, under the Ponneri SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - I land classification.

How the guideline value of Om Enterprises has changed

The guideline value for Om Enterprises has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 67 per sq.ft. This figure increased to Rs 100 per sq.ft in both the 2023 and 2024 revisions, marking a significant change of 49% from 2017 to 2023 and remaining constant from 2023 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012. Hence, the only relevant revisions are from 2017, 2023, and 2024, which show an overall increase of 49% from the 2017 revision to the current 2024 guideline value.

Guideline values in Kattur

Kattur village has 11 streets under the Ponneri SRO that carry a guideline value of Rs 100 per sq.ft for the year 2024, with the median also being Rs 100 per sq.ft. The guideline value of Om Enterprises is equal to this median.

• Messiah Garden: Rs 100 per sq.ft (2024)
• Mesiya Garden: Rs 100 per sq.ft (2024)
• Mahendra City: Rs 100 per sq.ft (2024)
• Santhosam Nagar: Rs 100 per sq.ft (2024)
• Sri Ayyanar Colony: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Om Enterprises

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total charges to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Om Enterprises?

The Om Enterprises property falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For additional information, you can find your SRO.

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

The guideline value is an essential factor in the registration process of property transactions in Kattur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When buying or selling property, the guideline value helps in determining the official value of the property for legal and financial purposes. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Om Enterprises?

The current guideline value of Om Enterprises in Kattur village is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Kattur with the same guideline value?

Other streets in Kattur under the Ponneri SRO also carry a guideline value of Rs 100 per sq.ft for 2024, including Messiah Garden, Mesiya Garden, Mahendra City, Santhosam Nagar, Sri Ayyanar Colony, and Sri Balaji Avenue.

What is the stamp duty for property in Om Enterprises?

For a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000.

Where is the Sub Registrar Office for Om Enterprises located?

The Ponneri Sub Registrar Office, which covers Om Enterprises, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.