Guideline Value for OMR (A) RAJIV GANDHI SALAI

Omr (A) Rajiv Gandhi Salai guideline value

The current guideline value of Omr (A) Rajiv Gandhi Salai is Rs 885 per sq.ft, effective from 1 July 2024. This street is located in Alathoor village, under the Thiruporur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Omr (A) Rajiv Gandhi Salai has changed

The guideline value of Omr (A) Rajiv Gandhi Salai has undergone several revisions over the years. The earliest available figure is from 2012, where it was set at Rs 800 per sq.ft. In 2017, the value decreased to Rs 536 per sq.ft, marking a decline of 33%. In 2023, the value increased significantly to Rs 800 per sq.ft, and the most recent revision in 2024 has set it at Rs 885 per sq.ft, reflecting an increase of 11% from the previous year.

Between 2017 and 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has risen by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Alathoor

In Alathoor, there are four streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 1,500 per sq.ft. The median value for these streets is Rs 943 per sq.ft, making the guideline value of Omr (A) Rajiv Gandhi Salai below this median.

• Vasantham Garden: Rs 770 per sq.ft (2024)
• Eshwar Avenue: Rs 1,000 per sq.ft (2024)
• Serasa Kavilayaa: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Omr (A) Rajiv Gandhi Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 885 per sq.ft, the total guideline value would be Rs 8,85,000. The stamp duty at 7% would amount to Rs 61,950, while the registration fee at 2% would be Rs 17,700, making the total cost for these fees Rs 79,650. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Omr (A) Rajiv Gandhi Salai?

The Sub Registrar Office that covers Omr (A) Rajiv Gandhi Salai 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Alathoor. It determines the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are conducted transparently and fairly, according to the established guideline values.

Frequently asked questions

What is the current guideline value of Omr (A) Rajiv Gandhi Salai?

The current guideline value of Omr (A) Rajiv Gandhi Salai is Rs 885 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 885 per sq.ft in 2024.

What is the land classification of Omr (A) Rajiv Gandhi Salai?

Omr (A) Rajiv Gandhi Salai is classified as Commercial Class I Type - I.

What are the other streets in Alathoor with guideline values?

Other streets in Alathoor with guideline values include Vasantham Garden at Rs 770 per sq.ft, Eshwar Avenue at Rs 1,000 per sq.ft, and Serasa Kavilayaa at Rs 1,500 per sq.ft for 2024.

Where is the Thiruporur Sub Registrar Office located?

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