Guideline Value for OM GANAPATHY NAGAR

Om Ganapathy Nagar guideline value

The current guideline value of Om Ganapathy Nagar, located in Thandurai village under the Avadi Sub Registrar Office (SRO), is Rs 801 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - III land classification.

How the guideline value of Om Ganapathy Nagar has changed

Over the years, the guideline value of Om Ganapathy Nagar has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the current 2024 revision has further increased it to Rs 801 per sq.ft, marking a 14% increase from the previous year. The register has no figure for this street in 2002, 2003, and 2007.

In terms of percentage changes, the value rose by 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a modest increase of 14%. The fluctuations in the guideline value reflect the adjustments made by the authorities based on various factors.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, indicating that the guideline value of Om Ganapathy Nagar is below this median.

• Om Saravana Nagar: Rs 988 per sq.ft (2024)
• Om Sri Mahalakshmi Nagar: Rs 989 per sq.ft (2024)
• Ortiyal Road: Rs 1,980 per sq.ft (2024)
• Other Cross Streets: Rs 800 per sq.ft (2024)
• North Bajar: Rs 1,950 per sq.ft (2024)
• N.M.Road: Rs 2,640 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 801 per sq.ft, the total guideline value would be Rs 8,01,000. The stamp duty at 7% would amount to Rs 56,070, and the registration fee at 2% would be Rs 16,020, bringing the total fees together to Rs 72,090. 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 Ganapathy Nagar?

The Om Ganapathy Nagar area falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Thandurai, as it determines the minimum price at which a property can be registered. This value is set by the government and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the sale price must be at least equal to the guideline value to ensure proper registration. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Om Ganapathy Nagar?

The current guideline value of Om Ganapathy Nagar is Rs 801 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 801 per sq.ft in 2024.

What is the median guideline value in Thandurai?

The median guideline value for streets in Thandurai is Rs 988 per sq.ft, while Om Ganapathy Nagar's value is below this median.

What are the stamp duty and registration fees for properties in Om Ganapathy Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,01,000, with stamp duty at 7% amounting to Rs 56,070 and a registration fee at 2% of Rs 16,020, totaling Rs 72,090.

Which Sub Registrar Office covers Om Ganapathy Nagar?

The Avadi Sub Registrar Office covers Om Ganapathy Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.