Guideline Value for OMR GOLDEN CITY

Omr Golden City guideline value

The current guideline value of Omr Golden City, located in Illaloor village under the Thiruporur SRO, is Rs 1,150 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Omr Golden City has changed

The guideline value for Omr Golden City has undergone several revisions over the years. The 2017 revision set the value at Rs 700 per sq.ft. This increased to Rs 1,045 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,150 per sq.ft, which represents a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Illaloor

In Illaloor, there are 17 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,100 per sq.ft. The median value is Rs 1,150 per sq.ft, which is equal to the guideline value of Omr Golden City.

• Saithra Avenue: Rs 739 per sq.ft (2024)
• Serasa Greens: Rs 1,396 per sq.ft (2024)
• Sri Jairam Nagar: Rs 550 per sq.ft (2024)
• Srikaram Seasons: Rs 1,150 per sq.ft (2024)
• Grand Central Manickam Nagar Phase I: Rs 550 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Omr Golden City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,150 per sq.ft, the total guideline value would be Rs 11,50,000. The stamp duty at 7% would amount to Rs 80,500, and the registration fee at 2% would be Rs 23,000, bringing the total fees together to Rs 1,03,500. 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 detailed calculations.

Which Sub Registrar Office covers Omr Golden City?

The Sub Registrar Office that covers Omr Golden City 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 Illaloor

The guideline value is a critical factor in the registration process when buying or selling property in Illaloor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented accurately according to government regulations. Buyers and sellers should be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Omr Golden City?

The current guideline value of Omr Golden City is Rs 1,150 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased by 64% from Rs 700 per sq.ft to Rs 1,150 per sq.ft in 2024. The value rose from Rs 1,045 per sq.ft in 2023 to Rs 1,150 per sq.ft in 2024, marking a 10% increase.

What are the other streets in Illaloor and their guideline values?

Other streets in Illaloor have varying guideline values. For instance, Saithra Avenue is valued at Rs 739 per sq.ft, while Serasa Greens is higher at Rs 1,396 per sq.ft. The values range from Rs 550 to Rs 2,100 per sq.ft across different streets.

How is stamp duty calculated for properties in Omr Golden City?

Stamp duty for properties in Omr Golden City is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,50,000 would incur a stamp duty of Rs 80,500 at a rate of 7%.

Where can I find the Sub Registrar Office for Omr Golden City?

The Sub Registrar Office covering Omr Golden City is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find more information about this office online.