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 Puthupakkam village, under the Thiruporur SRO, and is classified as Mixed Type - II.

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

Over the years, the guideline value for Omr (A) Rajiv Gandhi Salai has seen several revisions. The most recent revision in 2023 set the guideline value at Rs 4,000 per sq.ft, which is the same as the value established in the 2012 revision. However, there was a significant change from the 2017 revision, which had a guideline value of Rs 2,680 per sq.ft, representing a 49% increase from 2017 to 2023. The 2012 revision also showed a decrease of 33% from the previous 2017 figure.

In summary, comparing the 2012 and 2023 revisions, there has been no overall change, as both years reflect a guideline value of Rs 4,000 per sq.ft. It is important to note that there are no figures available for the revisions in 2024, 2007, 2003, and 2002 for this street.

Guideline values in Puthupakkam

Currently, there are no specific village figures available for Puthupakkam. The Omr (A) Rajiv Gandhi Salai guideline value stands at Rs 4,000 per sq.ft, reflecting its status within 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 amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, totaling Rs 3,60,000. 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 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. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Puthupakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the buyer must ensure that the sale price meets or exceeds the guideline value, as the duty is calculated based on the higher of the two. This ensures that the registration process is compliant with local regulations.

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 has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, and then increased to Rs 4,000 per sq.ft in 2023. This reflects a 49% increase from 2017 to 2023.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 40,00,000, the stamp duty would be Rs 2,80,000, and the registration fee would be Rs 80,000, totaling Rs 3,60,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations for Omr (A) Rajiv Gandhi Salai?

The Thiruporur Sub Registrar Office handles property registrations for Omr (A) Rajiv Gandhi Salai. It is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there other streets in Puthupakkam with guideline values?

Currently, there are no figures available for other streets in Puthupakkam under the Thiruporur SRO. The only guideline value mentioned is for Omr (A) Rajiv Gandhi Salai.