Guideline Value for OM SAKTHI STREET (PER)

Om Sakthi Street (Per) guideline value

The current guideline value of Om Sakthi Street (Per) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Om Sakthi Street (Per) has changed

The guideline value for Om Sakthi Street (Per) has seen several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017, a significant drop of 33%. In 2023, the value increased to Rs 600 per sq.ft again, and the most recent revision in 2024 has set the guideline value at Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10% despite the fluctuations in between.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Om Sakthi Street (Per) below that median.

• Om Sakthi Street (Ward -15): Rs 440 per sq.ft (2024)
• Osiya Nagar: Rs 990 per sq.ft (2024)
• Ottakoothar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Paavanar Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Paavendar Steet (Ward -6): Rs 1,980 per sq.ft (2024)
• Paaventhar Street (Ward -5): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Om Sakthi Street (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. 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 accurate calculations.

Which Sub Registrar Office covers Om Sakthi Street (Per)?

Om Sakthi Street (Per) falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Sattamangalam, the guideline value ensures that the transaction is recorded accurately and fairly in the official registry.

Additionally, the guideline value impacts the stamp duty and registration fees that buyers must pay. This value is used to calculate the total fees owed during the registration process, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Om Sakthi Street (Per)?

The current guideline value of Om Sakthi Street (Per) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Om Sakthi Street (Per)?

Om Sakthi Street (Per) is classified as Residential Class I Type - III.

Which Sub Registrar Office should I visit for transactions on Om Sakthi Street (Per)?

The Chengleput Joint II Sub Registrar Office covers Om Sakthi Street (Per), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Om Sakthi Street (Per)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.