Guideline Value for OM GANESH NAGAR

Om Ganesh Nagar guideline value

The current guideline value of Om Ganesh Nagar is Rs 879 per sq.ft, effective from 1 July 2024. This area is located in Periyakuppam village under the Tiruvallur Joint 1 SRO, classified as Residential Special Type - IV.

How the guideline value of Om Ganesh Nagar has changed

Starting from the 2012 revision, the guideline value was Rs 800 per sq.ft. In the 2017 revision, it decreased to Rs 536 per sq.ft, marking a decline of 33%. The value then rose significantly to Rs 800 per sq.ft in the 2023 revision, followed by an increase to Rs 879 per sq.ft in the 2024 revision, which is a rise of 10% from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The 2017 revision to the 2023 revision saw a substantial increase of 49%, while there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Om Ganesh Nagar is below this median.

• Padmini Nagar: Rs 879 per sq.ft (2024)
• Pakthavachalam Street: Rs 1,650 per sq.ft (2024)
• N.G.G.O.Colony: Rs 1,100 per sq.ft (2024)
• New. N.G.G.O. Colony: Rs 1,100 per sq.ft (2024)
• Pallavan Street: Rs 1,100 per sq.ft (2024)
• Parimelagar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Om Ganesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 879 per sq.ft, the total guideline value amounts to Rs 8,79,000. The stamp duty at 7% would be Rs 61,530, and the registration fee at 2% would be Rs 17,580, leading to a total of Rs 79,110. 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 Ganesh Nagar?

The Om Ganesh Nagar area falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyakuppam. 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 used to calculate the stamp duty, which is charged at a percentage of this value. This ensures that the fees are standardized and reflect the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Om Ganesh Nagar?

The current guideline value of Om Ganesh Nagar is Rs 879 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent increase from Rs 800 per sq.ft in 2023 to Rs 879 per sq.ft in 2024, which is a 10% rise.

What is the land classification of Om Ganesh Nagar?

Om Ganesh Nagar is classified as Residential Special Type - IV under the guidelines of the Tiruvallur Joint 1 SRO.

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

For a property valued at the current guideline value of Rs 8,79,000, the stamp duty would be Rs 61,530 and the registration fee would be Rs 17,580, totaling Rs 79,110.

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

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. This office handles registrations for properties in Om Ganesh Nagar.