Guideline Value for OM NEST

Om Nest guideline value

The current guideline value of Om Nest in Nadukuthagai village is Rs 1,590 per sq.ft, effective from 1 July 2024. This area falls under the Avadi SRO and is classified as Residential Special Type - I.

How the guideline value of Om Nest has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure decreased to Rs 971 per sq.ft in the 2017 revision, marking a decline of 19%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,450 per sq.ft. The latest revision in 2024 shows a further increase of 10%, setting the current guideline value at Rs 1,590 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Nadukuthagai

In Nadukuthagai, there are 35 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 330 to Rs 1,980 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Om Nest is above this median.

• Om Sakthi Nagar: Rs 1,590 per sq.ft (2024)
• Periyapalayam High Road: Rs 600 per sq.ft (2024)
• Ponniamman Nagar: Rs 330 per sq.ft (2024)
• Murali Nagar Annex: Rs 600 per sq.ft (2024)
• Murali Nagar: Rs 600 per sq.ft (2024)
• Prakash Nagar: Rs 1,590 per sq.ft (2024)

Stamp duty and registration fee for property in Om Nest

For a 1,000 sq.ft plot at the current guideline value of Rs 1,590 per sq.ft, the total guideline value amounts to Rs 15,90,000. The stamp duty at 7% would be Rs 1,11,300, and the registration fee at 2% would be Rs 31,800, making the total cost for these fees Rs 1,43,100. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Om Nest?

The Sub Registrar Office that covers Om Nest is 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 more information.

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

The guideline value plays a crucial role in property transactions in Nadukuthagai. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When purchasing property, the guideline value serves as a reference point for the transaction. It is essential to be aware of this value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Om Nest?

The current guideline value of Om Nest is Rs 1,590 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,590 per sq.ft in 2024, with various revisions in between showing fluctuations.

What is the land classification of Om Nest?

Om Nest is classified as Residential Special Type - I, indicating its suitability for residential development.

Where is the Avadi Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Om Nest?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 15,90,000, the stamp duty would be Rs 1,11,300 at a rate of 7%.