Guideline Value for OM SAKTHI NAGAR

Om Sakthi Nagar guideline value

The current guideline value of Om Sakthi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Thirukkachur - 1 village under the Chengleput Joint II SRO, with a land classification of Mixed Type - II.

How the guideline value of Om Sakthi Nagar has changed

The guideline value for Om Sakthi Nagar has seen revisions over the years. The register has no figures for the revisions in 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, while the latest 2024 revision increased it to Rs 1,100 per sq.ft, marking a change of +10%.

This increase reflects the ongoing adjustments in property values in the area. The current guideline value of Rs 1,100 per sq.ft is now positioned above the median value of Rs 660 per sq.ft for the 86 streets in Thirukkachur - 1 under the Chengleput Joint II SRO.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets with guideline values ranging from Rs 385 to Rs 3,300 per sq.ft. The guideline value for Om Sakthi Nagar is above the median of Rs 660 per sq.ft. Below are the guideline values for other streets in Thirukkachur - 1:

• North Mada Veedhi: Rs 550 per sq.ft (2024)
• Pallar Street: Rs 550 per sq.ft (2024)
• Nanu Nagar Part-I: Rs 550 per sq.ft (2024)
• Nanu Nagar: Rs 385 per sq.ft (2024)
• Periyar Nagar 1st Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 2nd Cross Street: Rs 660 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 guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty, charged at 7%, would amount to Rs 77,000, and the registration fee, charged at 2%, would be Rs 22,000. Together, the total cost for stamp duty and registration fee would be Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Om Sakthi Nagar?

Om Sakthi Nagar falls under 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 Thirukkachur - 1

The guideline value is a critical factor in the registration process when buying or selling property in Thirukkachur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is registered at a value that reflects the current market conditions, helping to maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar?

The current guideline value of Om Sakthi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Thirukkachur - 1?

Other streets in Thirukkachur - 1 have varying guideline values, ranging from Rs 385 to Rs 3,300 per sq.ft. The median value for these streets is Rs 660 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot would incur a total cost of Rs 99,000 for these fees.

Where can I find the Sub Registrar Office for Om Sakthi Nagar?

The Sub Registrar Office for Om Sakthi Nagar is the Chengleput Joint II SRO, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information through the provided link.