Guideline Value for OM SAKTHI NAGAR

Om Sakthi Nagar guideline value

The current guideline value of Om Sakthi Nagar, located in Eagattur village under the Manavalanagar SRO, is Rs 154 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Om Sakthi Nagar has changed

Looking at the revisions, the guideline value for Om Sakthi Nagar was Rs 150 per sq.ft in 2023, which increased to Rs 154 per sq.ft in the 2024 revision, marking a change of +3%. Prior to that, in 2017, the value was Rs 100 per sq.ft, indicating a significant increase of +50% over the six years leading to 2023. The 2012 revision recorded a value of Rs 150 per sq.ft, which was a decrease of -33% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by +3%. The register has no figures for the years 2002, 2003, and 2007 concerning this street.

Guideline values in Eagattur

In Eagattur, there are 31 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 100 to Rs 330 per sq.ft. The median value among these streets is Rs 190 per sq.ft, placing Om Sakthi Nagar's 2024 figure below that median.

• Palani Nagar: Rs 190 per sq.ft (2024)
• Nirmal Nagar: Rs 190 per sq.ft (2024)
• Palayam Nagar: Rs 154 per sq.ft (2024)
• New Kamaraj Nagar: Rs 200 per sq.ft (2024)
• Meenakshi Nagar: Rs 200 per sq.ft (2024)
• Sree Kamatchi Nagar: Rs 170 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 154 per sq.ft, the guideline value would be Rs 1,54,000. The stamp duty at 7% would amount to Rs 10,780, and the registration fee at 2% would be Rs 3,080, totaling Rs 13,860. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Om Sakthi Nagar?

The Sub Registrar Office that covers Om Sakthi Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Eagattur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the authorities.

When buying or selling property, the guideline value is considered to determine the official value of the transaction. This helps in maintaining transparency and consistency in property dealings, as the charges are applied uniformly across similar properties in the area.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar?

The current guideline value of Om Sakthi Nagar is Rs 154 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 150 per sq.ft in 2023, Rs 100 per sq.ft in 2017, and Rs 150 per sq.ft in 2012. The most recent increase from 2023 to 2024 was +3%.

What is the median guideline value in Eagattur?

The median guideline value in Eagattur is Rs 190 per sq.ft, with Om Sakthi Nagar's 2024 figure being below this median.

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

For a property valued at Rs 154 per sq.ft, the total guideline value for a 1,000 sq.ft plot would be Rs 1,54,000. The stamp duty would be Rs 10,780 and the registration fee would be Rs 3,080, totaling Rs 13,860.

Which office should I contact for registration in Om Sakthi Nagar?

The Manavalanagar Sub Registrar Office covers Om Sakthi Nagar. It is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.