Guideline Value for OM SAKTHI NAGAR

Om Sakthi Nagar guideline value

The current guideline value of Om Sakthi Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Anjur village under the Chengleput Joint II SRO, classified as Mixed Special Type - I.

How the guideline value of Om Sakthi Nagar has changed

Since the 2012 revision, the guideline value for Om Sakthi Nagar has seen various changes. In 2012, the guideline value was Rs 500 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 500 per sq.ft. The 2017 revision marked a decrease to Rs 335 per sq.ft, representing a -33% change from 2012. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 500 per sq.ft.

The latest revision in 2024 maintains the guideline value at Rs 500 per sq.ft, showing no change from the previous year. Notably, the register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Anjur

In Anjur, there are 10 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median value of Rs 625 per sq.ft. The guideline value of Om Sakthi Nagar is below this median.

• Paras Nagar: Rs 500 per sq.ft (2024)
• Marvel Avenue: Rs 501 per sq.ft (2024)
• K P Green Meadows Phase-I-II-III: Rs 650 per sq.ft (2024)
• Kamakshi Avenue: Rs 2,500 per sq.ft (2024)
• Dra Pristine Pavilion: Rs 400 per sq.ft (2024)
• Uj Garden: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Om Sakthi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Om Sakthi Nagar?

The Sub Registrar Office that covers Om Sakthi Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Anjur. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property, ensuring that both parties are aware of the financial obligations involved.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two 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 Nagar?

The current guideline value of Om Sakthi Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since 2012, with a decrease to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 per sq.ft in 2023. The 2024 revision has maintained this value.

What are the other guideline values in Anjur?

In Anjur, the guideline values range from Rs 400 to Rs 2,500 per sq.ft. The median value is Rs 625 per sq.ft, with Om Sakthi Nagar's value being below this median.

What are the stamp duty and registration fees for property in Om Sakthi Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 45,000, based on a guideline value of Rs 5,00,000.

Which office handles registrations for Om Sakthi Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for Om Sakthi Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.