Guideline Value for OM SAKTHI NAGAR

Om Sakthi Nagar guideline value

The current guideline value of Om Sakthi Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Siruperpandi village under the Acchirapakkam SRO, classified as Residential Special Type - I.

How the guideline value of Om Sakthi Nagar has changed

In the revision of 2023, the guideline value for Om Sakthi Nagar was set at Rs 150 per sq.ft. The same value was maintained in the 2024 revision, resulting in a change of +0%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the guideline value has remained consistent at Rs 150 per sq.ft from 2023 to 2024, indicating stability in the valuation for this area over the recent revisions.

Guideline values in Siruperpandi

Currently, there are no specific guideline values provided for other streets in Siruperpandi. Om Sakthi Nagar is the only street mentioned under the Acchirapakkam SRO.

Stamp duty and registration fee for property in Om Sakthi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Om Sakthi Nagar?

The Om Sakthi Nagar area falls under the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial during the registration of property transactions in Siruperpandi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the higher value between the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar?

The current guideline value of Om Sakthi Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 150 per sq.ft since the 2023 revision, with no changes recorded between 2023 and 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Om Sakthi Nagar?

Om Sakthi Nagar is classified as Residential Special Type - I, indicating its designation for residential purposes under the local regulations.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total charges would amount to Rs 13,500.

Which office handles property registration for Om Sakthi Nagar?

The Acchirapakkam Sub Registrar Office handles property registrations for Om Sakthi Nagar. The office is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.