Guideline Value for OMR SRI CITY

Omr Sri City guideline value

The current guideline value of Omr Sri City is Rs 1,250 per sq.ft, effective from 1 July 2024. This property is located in Siruthavoor village, under the Thiruporur SRO, and is classified as Mixed Type - II land.

How the guideline value of Omr Sri City has changed

The guideline value for Omr Sri City has remained consistent at Rs 1,250 per sq.ft since the 2023 revision. Prior to that, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

In the 2024 revision, the guideline value was set at Rs 1,250 per sq.ft, showing no change from the 2023 revision, which also recorded the same value. The 2023 to 2024 revision reflects a change of +0%.

Guideline values in Siruthavoor

In Siruthavoor, there are six streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 350 to Rs 1,385 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing the guideline value of Omr Sri City above this median.

• Sri Ganapathi Nagar: Rs 400 per sq.ft (2024)
• Iyappan Nagar: Rs 400 per sq.ft (2024)
• Brick Field: Rs 350 per sq.ft (2024)
• Metro Bliss City: Rs 1,290 per sq.ft (2024)
• Omr Sri City Phase II: Rs 1,385 per sq.ft (2024)

Stamp duty and registration fee for property in Omr Sri City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,250 per sq.ft, the total guideline value amounts to Rs 12,50,000. The stamp duty at 7% is Rs 87,500, and the registration fee at 2% is Rs 25,000, resulting in a total of Rs 1,12,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Omr Sri City?

The Omr Sri City falls under 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 Siruthavoor

The guideline value plays a crucial role in the registration process of property transactions in Siruthavoor. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Omr Sri City?

The current guideline value of Omr Sri City is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,250 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Siruthavoor?

Other streets in Siruthavoor have varying guideline values, ranging from Rs 350 to Rs 1,385 per sq.ft. The median value for these streets is Rs 825 per sq.ft, with Omr Sri City's value being above this median.

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

Stamp duty for properties in Omr Sri City is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a stamp duty of Rs 87,500.

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

The Sub Registrar Office covering Omr Sri City is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find more details through the provided link.