Guideline Value for OM SAKTHI NAGAR

Om Sakthi Nagar guideline value

The current guideline value of Om Sakthi Nagar is Rs 450 per sq.ft, effective from 1 July 2024. This area is located in Villiyampakkam village under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Om Sakthi Nagar has changed

According to the guideline value register, there have been no figures recorded for Om Sakthi Nagar in the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision maintained the guideline value at Rs 450 per sq.ft, which was also the same for the 2024 revision, indicating no change between these two years.

Thus, the guideline value has remained consistent at Rs 450 per sq.ft since the 2023 revision, with no fluctuations noted during the previous years for this street.

Guideline values in Villiyampakkam

In Villiyampakkam, there are 17 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 401 to Rs 950 per sq.ft, with a median value of Rs 500 per sq.ft. Om Sakthi Nagar's 2024 figure of Rs 450 per sq.ft is below the median for the village.

• Miss Daisy Nagar: Rs 500 per sq.ft (2024)
• Sakthi Veerammal Nagar: Rs 401 per sq.ft (2024)
• Kayathiri Kootturavu Mega Nagar: Rs 500 per sq.ft (2024)
• Senthoore Avenue: Rs 500 per sq.ft (2024)
• Sri Durga Nagar: Rs 401 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 450 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 450 per sq.ft, the total guideline value would be Rs 4,50,000. The stamp duty at 7% would amount to Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total fees to Rs 40,500. 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?

Om Sakthi Nagar is covered by 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 Villiyampakkam

The guideline value is a crucial factor during property registration in Villiyampakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the associated fees accurately.

When a property is sold, the guideline value helps in determining the stamp duty and registration fees payable. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar?

The current guideline value of Om Sakthi Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Om Sakthi Nagar has remained at Rs 450 per sq.ft since the 2023 revision, with no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Villiyampakkam?

In Villiyampakkam, the guideline values for other streets range from Rs 401 to Rs 950 per sq.ft, with a median value of Rs 500 per sq.ft. Om Sakthi Nagar's value is below this median.

What is the stamp duty for property in Om Sakthi Nagar?

The stamp duty for property in Om Sakthi Nagar is 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 31,500.

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

The Chengleput Joint II Sub Registrar Office covers Om Sakthi Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details online.