Guideline Value for OM SARAVANA NAGAR

Om Saravana Nagar guideline value

The current guideline value of Om Saravana Nagar is Rs 988 per sq.ft, effective from 1 July 2024. This area is located in Thandurai village and falls under the Avadi SRO, classified as Residential Class II Type - I.

How the guideline value of Om Saravana Nagar has changed

The guideline value for Om Saravana Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in the 2023 revision, and most recently rose to Rs 988 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, comparing the values from 2012 to 2024, there has been a total increase of 10%. The register for the years 2002, 2003, and 2007 has no figure for this street.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, which is equal to the current guideline value of Om Saravana Nagar.

• Om Sri Mahalakshmi Nagar: Rs 989 per sq.ft (2024)
• Ortiyal Road: Rs 1,980 per sq.ft (2024)
• Om Ganapathy Nagar: Rs 801 per sq.ft (2024)
• Other Cross Streets: Rs 800 per sq.ft (2024)
• North Bajar: Rs 1,950 per sq.ft (2024)
• N.M.Road: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Om Saravana Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty charged at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, leading to a total of Rs 88,920. It is important to note that 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 Saravana Nagar?

The Sub Registrar Office that covers Om Saravana Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential component in the registration process when buying or selling property in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with 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 Saravana Nagar?

The current guideline value of Om Saravana Nagar is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification of Om Saravana Nagar?

Om Saravana Nagar is classified as Residential Class II Type - I.

Where can I find the registration office for Om Saravana Nagar?

The Avadi Sub Registrar Office covers Om Saravana Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Om Saravana Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value results in a total guideline value of Rs 9,88,000.