Guideline Value for OMSAKTHI NAGR

Omsakthi Nagr guideline value

The current guideline value of Omsakthi Nagr, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Omsakthi Nagr has changed

The guideline value for Omsakthi Nagr has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, and this remained unchanged until the 2023 revision, which also recorded Rs 1,000 per sq.ft. The 2024 revision has retained this value at Rs 1,000 per sq.ft, resulting in a 49% increase from the 2017 figure.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions available are from 2017 to 2024, which show a consistent increase of 49% overall.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO with 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Omsakthi Nagr's 2024 figure below this median.

• Om Sakthi Nagar: Rs 1,500 per sq.ft (2024)
• N.R.S. Nagar: Rs 1,500 per sq.ft (2024)
• Padma Avenue: Rs 1,000 per sq.ft (2024)
• N.P.R. Nagar: Rs 2,000 per sq.ft (2024)
• Padmavathi Nagar 1 & 2: Rs 1,500 per sq.ft (2024)
• Padmavathi Nagar Extn. 1 & 2: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Omsakthi Nagr

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Omsakthi Nagr?

The Omsakthi Nagr area falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Nandhivaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, it is crucial to be aware of the guideline value as it influences the financial aspects of the transaction. Buyers should ensure that they are informed of the current guideline values to make well-informed decisions.

Frequently asked questions

What is the current guideline value of Omsakthi Nagr?

The current guideline value of Omsakthi Nagr is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2024, marking a 49% increase over this period.

What is the median guideline value in Nandhivaram?

The median guideline value for streets in Nandhivaram is Rs 1,500 per sq.ft, while Omsakthi Nagr's value is below this median.

What are the stamp duty and registration fees for Omsakthi Nagr?

For a 1,000 sq.ft plot, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000 based on the guideline value.

Which office handles registrations for Omsakthi Nagr?

The Gooduvancheri Sub Registrar Office handles registrations for Omsakthi Nagr, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.