Guideline Value for OMSHAKTHY KANOPUS 'B'

Omshakthy Kanopus 'b' guideline value

The current guideline value of Omshakthy Kanopus 'b' is Rs 1,375 per sq.ft, effective from 1 July 2024. This property is located in Paruthipattu village, under the Avadi SRO, and is classified as Industries Type - III.

How the guideline value of Omshakthy Kanopus 'b' has changed

Since the 2017 revision, the guideline value for Omshakthy Kanopus 'b' has seen a 10% increase, moving from Rs 1,250 per sq.ft in 2017 to Rs 1,375 per sq.ft in 2024. The 2023 revision also marked an increase from Rs 1,250 per sq.ft to Rs 1,375 per sq.ft, reflecting a 10% rise in just one year.

It is worth noting that there are no figures available for this street in the revisions for the years 2002, 2003, 2007, and 2012. Therefore, the only relevant revisions for Omshakthy Kanopus 'b' are from 2017, 2023, and the current 2024 figure.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value for Omshakthy Kanopus 'b' is below this median.

• Omshakthy Kanopus 'c': Rs 1,375 per sq.ft (2024)
• Om Shakthy Kanopus D: Rs 1,375 per sq.ft (2024)
• Om Saravana Nagar: Rs 1,625 per sq.ft (2024)
• Old Jeevanandam St: Rs 950 per sq.ft (2024)
• Old Agraharam St: Rs 1,625 per sq.ft (2024)
• Ocf Road (Commercial): Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Omshakthy Kanopus 'b'

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value would be Rs 13,75,000. The stamp duty, calculated at 7%, would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, bringing the total cost for these fees to Rs 1,23,750. 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 Omshakthy Kanopus 'b'?

The Sub Registrar Office that covers Omshakthy Kanopus 'b' is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more details.

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

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

Frequently asked questions

What is the current guideline value of Omshakthy Kanopus 'b'?

The current guideline value of Omshakthy Kanopus 'b' is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2017 to Rs 1,375 per sq.ft in 2024, reflecting a 10% increase. There was no change from 2017 to 2023, but a 10% increase occurred from 2023 to 2024.

What are the other streets in Paruthipattu with similar guideline values?

Other streets in Paruthipattu with similar guideline values include Omshakthy Kanopus 'c' and Om Shakthy Kanopus D, both at Rs 1,375 per sq.ft in 2024.

What fees are associated with buying property in Omshakthy Kanopus 'b'?

The fees associated with buying property include stamp duty at 7% and a registration fee at 2% of the guideline value. For a property valued at Rs 13,75,000, these fees would total Rs 1,23,750.

Which office handles property registrations in Avadi?

The Avadi Sub Registrar Office handles property registrations in Avadi. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.