Guideline Value for OMS green city

OMS green city guideline value

The current guideline value of OMS Green City in Vattampakkam village is Rs 1,790 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Mixed Type - I land.

How the guideline value of OMS green city has changed

The guideline value for OMS Green City has undergone several revisions over the years. The 2017 revision set the value at Rs 1,199 per sq.ft. The subsequent revisions in 2023 and 2024 maintained this value at Rs 1,790 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023 and a consistent value from 2023 to 2024, showing no change.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The most recent revisions indicate that the guideline value has remained stable since 2023, while the overall change from 2017 to 2024 is also +49%.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,790 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing OMS Green City’s current value above this median.

• Parivender Nagar: Rs 500 per sq.ft (2024)
• MuthuMariamman Kovil Street (colony): Rs 200 per sq.ft (2024)
• Perumal Kovil Street (colony): Rs 200 per sq.ft (2024)
• Pethel Nagar: Rs 426 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 200 per sq.ft (2024)
• Mother Land: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in OMS green city

For a 1,000 sq.ft plot at the current guideline value of Rs 1,790 per sq.ft, the total guideline value amounts to Rs 17,90,000. The stamp duty at 7% would be Rs 1,25,300, and the registration fee at 2% would be Rs 35,800, bringing the total fees together to Rs 1,61,100. It is essential to remember 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 OMS green city?

The OMS Green City area is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Vattampakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is in compliance with local regulations and reflects the true value of the property.

Frequently asked questions

What is the current guideline value of OMS Green City?

The current guideline value of OMS Green City in Vattampakkam is Rs 1,790 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,790 per sq.ft for both the 2023 and 2024 revisions, with a significant increase of 49% from Rs 1,199 per sq.ft in 2017.

What is the land classification for OMS Green City?

OMS Green City is classified as Mixed Type - I land according to the local land classification regulations.

What are the registration fees for a property in OMS Green City?

For a property valued at Rs 17,90,000, the stamp duty would be Rs 1,25,300, and the registration fee would be Rs 35,800, totaling Rs 1,61,100.

Which office handles registrations for OMS Green City?

The Sunguvarchattram Sub Registrar Office is responsible for handling registrations for properties in OMS Green City, located at Vadivamal Nagar Kandigai Road, Chengalpattu.