Guideline Value for OM SAKTHI KALIGAMBAL CO-OPERATIVE NAGAR

Om Sakthi Kaligambal Co-Operative Nagar guideline value

The current guideline value of Om Sakthi Kaligambal Co-Operative Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Matthur village under the Thiruvottiyur SRO, and it falls under the land classification of New House Site Type -II (Unapproved Lay-Out).

How the guideline value of Om Sakthi Kaligambal Co-Operative Nagar has changed

The guideline value for Om Sakthi Kaligambal Co-Operative Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent revision in 2024 raised it further to Rs 2,200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The guideline value then increased by 10% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Matthur

In Matthur, there are 66 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making the guideline value of Om Sakthi Kaligambal Co-Operative Nagar above this median.

• Om Sakthi Kaligambal Co-Operative Nagar Annexe: Rs 2,200 per sq.ft (2024)
• Omakula Street: Rs 1,100 per sq.ft (2024)
• Pada Salai Road: Rs 1,100 per sq.ft (2024)
• New Bhuvaneswari Nagar: Rs 1,100 per sq.ft (2024)
• Pangu Medu: Rs 1,100 per sq.ft (2024)
• Nethaji Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Om Sakthi Kaligambal Co-Operative Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% is Rs 1,54,000, and the registration fee at 2% is Rs 44,000, bringing the total charges to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Om Sakthi Kaligambal Co-Operative Nagar?

The Om Sakthi Kaligambal Co-Operative Nagar area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Matthur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Om Sakthi Kaligambal Co-Operative Nagar?

The current guideline value of Om Sakthi Kaligambal Co-Operative Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Om Sakthi Kaligambal Co-Operative Nagar?

Om Sakthi Kaligambal Co-Operative Nagar falls under the land classification of New House Site Type -II (Unapproved Lay-Out).

What is the stamp duty rate for property in this area?

The stamp duty rate for property transactions in Om Sakthi Kaligambal Co-Operative Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Om Sakthi Kaligambal Co-Operative Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.