Guideline Value for ONIGOE TECHNOLOGIES PROPERTY

Onigoe Technologies Property guideline value

The current guideline value of Onigoe Technologies Property is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Uthandi village under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of Onigoe Technologies Property has changed

The guideline value for Onigoe Technologies Property has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,000 per sq.ft. In 2017, this value decreased to Rs 670 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,000 per sq.ft in 2012, and further rose to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Uthandi

Within Uthandi, there are 197 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, indicating that Onigoe Technologies Property's 2024 figure is below this median.

• Olive Sands: Rs 4,400 per sq.ft (2024)
• Noodeen/Bhaper Garden: Rs 1,100 per sq.ft (2024)
• Palm Springs: Rs 2,200 per sq.ft (2024)
• Palm Springs Garden: Rs 2,200 per sq.ft (2024)
• Pari Garden: Rs 1,100 per sq.ft (2024)
• Parthasarathi Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Onigoe Technologies Property

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Onigoe Technologies Property?

The Sub Registrar Office that covers Onigoe Technologies Property is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthandi. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Onigoe Technologies Property?

The current guideline value of Onigoe Technologies Property is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Onigoe Technologies Property?

Onigoe Technologies Property is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000 based on the current guideline value.

Where is the Sub Registrar Office for Onigoe Technologies Property located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.