Guideline Value for OM SAKTHI AVENUE PHASE -I

Om Sakthi Avenue Phase -I guideline value

The current guideline value of Om Sakthi Avenue Phase -I is Rs 1,000 per sq.ft, effective from the 2024 revision. This property is located in Kuthanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - IV.

How the guideline value of Om Sakthi Avenue Phase -I has changed

The guideline value for Om Sakthi Avenue Phase -I has undergone several revisions over the years. The earliest recorded value was Rs 1,000 per sq.ft in 2012, which remained unchanged until the 2024 revision. In 2017, the value was Rs 670 per sq.ft, marking a decrease from the 2012 figure. The 2023 revision also maintained the value at Rs 1,000 per sq.ft, reflecting no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 1,000 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained stable with a 0% change, indicating that despite fluctuations in previous years, the current value aligns with the 2012 and 2023 figures.

Guideline values in Kuthanoor

Kuthanoor village features a range of guideline values across its 30 streets, with the 2024 figures ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 800 per sq.ft, positioning Om Sakthi Avenue Phase -I above this median at Rs 1,000 per sq.ft.

• Nehru Nagar: Rs 550 per sq.ft (2024)
• Praney Square: Rs 600 per sq.ft (2024)
• Manickapuram (Nagar): Rs 800 per sq.ft (2024)
• Rajan Nagar: Rs 550 per sq.ft (2024)
• Ramakrishna Avenue: Rs 1,120 per sq.ft (2024)
• Saradhambal Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Om Sakthi Avenue Phase -I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty is charged at 7%, resulting in Rs 70,000, while the registration fee is 2%, amounting to Rs 20,000. Therefore, the total cost for stamp duty and registration fees would be Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Om Sakthi Avenue Phase -I?

The Sub Registrar Office that covers Om Sakthi Avenue Phase -I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kuthanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Om Sakthi Avenue Phase -I?

The current guideline value of Om Sakthi Avenue Phase -I is Rs 1,000 per sq.ft, as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 670 in 2017 to Rs 1,000 in 2023.

What is the land classification for Om Sakthi Avenue Phase -I?

Om Sakthi Avenue Phase -I is classified as Residential Special Type - IV, indicating its intended use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kuthanoor?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable, which is based on the same value.