Guideline Value for OM JAI SRI SAI NAGAR

Om Jai Sri Sai Nagar guideline value

The current guideline value of Om Jai Sri Sai Nagar is Rs 1,614 per sq.ft, effective from 1 July 2024. This area is located in Paandoor village, under the Thiruporur SRO, and is classified as Mixed Special Type - II.

How the guideline value of Om Jai Sri Sai Nagar has changed

In the 2017 revision, the guideline value was Rs 301 per sq.ft. This figure remained unchanged in the 2023 revision, where it was also Rs 1,614 per sq.ft. With the 2024 revision, the guideline value is again Rs 1,614 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 436%. The guideline value has remained stable from 2023 to 2024, showing a change of +0% during this period.

Guideline values in Paandoor

In Paandoor village, there are 35 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 3,300 per sq.ft. The median guideline value is Rs 1,493 per sq.ft, placing the 2024 figure for Om Jai Sri Sai Nagar above this median.

• N P Nagar: Rs 2,000 per sq.ft (2024)
• Mother Land: Rs 805 per sq.ft (2024)
• Krishna Enclave: Rs 600 per sq.ft (2024)
• KPN Blue Sky: Rs 1,614 per sq.ft (2024)
• Sankari Nagar: Rs 805 per sq.ft (2024)
• Senthamil Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Om Jai Sri Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,614 per sq.ft, the total guideline value amounts to Rs 16,14,000. The stamp duty at 7% would be Rs 1,12,980, and the registration fee at 2% would be Rs 32,280, bringing the total fees together to Rs 1,45,260. It is important to note that the 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 Om Jai Sri Sai Nagar?

The Sub Registrar Office that covers Om Jai Sri Sai Nagar 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 Paandoor

The guideline value plays a crucial role in the registration process for property transactions in Paandoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable charges, ensuring that the fees reflect the current market standards set by the Registration Department. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Om Jai Sri Sai Nagar?

The current guideline value of Om Jai Sri Sai Nagar is Rs 1,614 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value increased from Rs 301 per sq.ft to Rs 1,614 per sq.ft, marking a total increase of 436%. There was no change in the value from 2023 to 2024.

What are the guideline values of other streets in Paandoor?

Other streets in Paandoor have varying guideline values ranging from Rs 450 to Rs 3,300 per sq.ft. For example, N P Nagar has a guideline value of Rs 2,000 per sq.ft, while Mother Land is valued at Rs 805 per sq.ft.

What fees are associated with buying property in Om Jai Sri Sai Nagar?

When buying property in Om Jai Sri Sai Nagar, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 1,45,260.

Which office handles property registrations for Om Jai Sri Sai Nagar?

The Thiruporur Sub Registrar Office handles property registrations for Om Jai Sri Sai Nagar. It is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.