Guideline Value for OM SRI SAI NAGAR

Om Sri Sai Nagar guideline value

The current guideline value of Om Sri Sai Nagar is Rs 2,860 per sq.ft, effective from 1 July 2024. This area is located in Kerugambakkam village and falls under the Pammal SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Om Sri Sai Nagar has changed

In the 2017 revision, the guideline value was set at Rs 1,742 per sq.ft. With the 2024 revision, this figure has increased significantly to Rs 2,860 per sq.ft, marking a change of +64%. The register does not have figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

From the 2017 revision to the 2024 revision, the increase reflects a notable change in the guideline value. The absence of figures for the other revisions indicates that the value remained unchanged or was not recorded for this street during those years.

Guideline values in Kerugambakkam

Kerugambakkam has 144 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Om Sri Sai Nagar's 2024 figure above this median.

• Our Lady Farm: Rs 2,200 per sq.ft (2024)
• Omathur Ramasamy reddiar Street: Rs 1,980 per sq.ft (2024)
• Palayathamman Koil Street: Rs 1,980 per sq.ft (2024)
• Nethaji Street: Rs 1,980 per sq.ft (2024)
• Paraniputhur Road: Rs 2,200 per sq.ft (2024)
• Pattammal Garden: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Om Sri Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value would be Rs 28,60,000. The stamp duty at 7% would amount to Rs 2,00,200, while the registration fee at 2% would be Rs 57,200. Together, these fees would total Rs 2,57,400. 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 details.

Which Sub Registrar Office covers Om Sri Sai Nagar?

The Sub Registrar Office covering Om Sri Sai Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Kerugambakkam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value helps in establishing a baseline for the transaction, ensuring that the necessary taxes are collected by the government. It is advisable for buyers and sellers to familiarize themselves with the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Om Sri Sai Nagar?

The current guideline value of Om Sri Sai Nagar is Rs 2,860 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,742 per sq.ft to Rs 2,860 per sq.ft, which is a change of +64%.

What is the land classification for Om Sri Sai Nagar?

The land classification for Om Sri Sai Nagar is Commercial Class I Type - I.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 2,00,200 and the registration fee would be Rs 57,200, totaling Rs 2,57,400.

Where is the Sub Registrar Office for Om Sri Sai Nagar located?

The Sub Registrar Office for Om Sri Sai Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.