Guideline Value for OM SAKTHI NAAGR

Om Sakthi Naagr guideline value

The current guideline value of Om Sakthi Naagr, located in Naalur village under the Ponneri SRO, is Rs 400 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Om Sakthi Naagr has changed

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. This increased to Rs 268 per sq.ft in 2017, marking a decrease of 11%. However, from 2017 to 2023, the value rose significantly to Rs 400 per sq.ft, an increase of 49%. The guideline value remained unchanged at Rs 400 per sq.ft from 2023 to the 2024 revision.

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

Guideline values in Naalur

In Naalur, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 600 per sq.ft. The median value is Rs 400 per sq.ft, which is the same as the current guideline value for Om Sakthi Naagr. Below are the guideline values for other streets in Naalur:

• Padmavathi Nagar: Rs 600 per sq.ft (2024)
• Muthaiyah Garden: Rs 400 per sq.ft (2024)
• M.K.N. Nagar: Rs 500 per sq.ft (2024)
• Minjur Modern City: Rs 400 per sq.ft (2024)
• M G M Anandha Nagar: Rs 400 per sq.ft (2024)
• Ramachandira Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Om Sakthi Naagr

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty, calculated at 7%, would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. 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 Naagr?

The Om Sakthi Naagr area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Naalur, as it determines the minimum value at which properties can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that both parties adhere to the legal requirements set by the registration department.

Additionally, it is essential for buyers and sellers to be aware of the guideline value to avoid disputes during the registration process. The guideline value reflects the government's assessment of property values in the area, which can influence the overall transaction process.

Frequently asked questions

What is the current guideline value of Om Sakthi Naagr?

The current guideline value of Om Sakthi Naagr is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, and then to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification for Om Sakthi Naagr?

The land classification for Om Sakthi Naagr is Residential Class II Type - I.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot at Rs 400 per sq.ft, the total fees would amount to Rs 36,000.