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 4,000 per sq.ft. This street is located in Navaloor village, under the Thiruporur Sub Registrar Office, and is classified as Mixed Type - II land.

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

The guideline value for Omr (A) Rajiv Gandhi Salai has undergone several revisions over the years. In 2012, the guideline value was Rs 4,000 per sq.ft, which remained unchanged in the subsequent revision of 2017, where it was reduced to Rs 2,680 per sq.ft. The most recent revision in 2023 saw a significant increase to Rs 4,000 per sq.ft again. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%, resulting in an overall change of 0% from 2012 to 2023.

Guideline values in Navaloor

Currently, there are no specific village figures provided for Navaloor. The Omr (A) Rajiv Gandhi Salai guideline value of Rs 4,000 per sq.ft places it within the context of the overall guideline values in the area.

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

For a 1,000 sq.ft plot at the current rate of Rs 4,000 per sq.ft, the guideline value would be Rs 40,00,000. The stamp duty at 7% would amount to Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, leading to a total of Rs 3,60,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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

The Omr (A) Rajiv Gandhi Salai is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your specific Sub Registrar Office, you can visit find your SRO.

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

When buying or selling property in Navaloor, the guideline value is a critical factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the government to assess the value of the property for taxation purposes.

At the time of registration, the buyer must pay stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 4,000 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations. It was Rs 4,000 per sq.ft in 2012, decreased to Rs 2,680 per sq.ft in 2017, and then increased back to Rs 4,000 per sq.ft in 2023.

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

Omr (A) Rajiv Gandhi Salai is classified as Mixed Type - II land, which indicates a blend of residential and commercial uses.

Where is the Thiruporur Sub Registrar Office located?

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

How is stamp duty calculated for properties in Omr (A) Rajiv Gandhi Salai?

Stamp duty for properties in Omr (A) Rajiv Gandhi Salai is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 40,00,000, the stamp duty would be Rs 2,80,000 at a rate of 7%.