Guideline Value for OMEGA

Omega guideline value

The current guideline value for Omega, located in Padur village under the Thiruporur SRO, is Rs 2,500 per sq.ft. This area is classified as Commercial Class I Type - II.

How the guideline value of Omega has changed

In the 2017 revision, the guideline value for Omega was set at Rs 2,500 per sq.ft, which remained unchanged in the subsequent 2023 revision. Therefore, there has been a 0% change in the guideline value between the 2017 and 2023 revisions.

For the years 2002, 2003, 2007, 2012, and 2024, the register has no figure for this street. As such, the only recorded values for Omega are from the 2017 and 2023 revisions, both at Rs 2,500 per sq.ft.

Guideline values in Padur

Currently, there are no specific village figures available for Padur. Omega is part of the guideline value framework in this area. Other streets in Padur include:

Stamp duty and registration fee for property in Omega

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Omega?

The Sub Registrar Office that covers Omega is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Padur. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the correct amount of revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Omega?

The current guideline value of Omega is Rs 2,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Omega has remained constant at Rs 2,500 per sq.ft since the 2017 revision, with no changes noted in the 2023 revision.

Are there any guideline values for previous years?

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024. The only recorded values are from 2017 and 2023, both at Rs 2,500 per sq.ft.

What is the stamp duty for property in Omega?

The stamp duty for property in Omega is calculated at 7% of the guideline value or sale price, whichever is higher. For example, on a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000.

Where is the Sub Registrar Office for Omega located?

The Sub Registrar Office covering Omega is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.