Guideline Value for ORR

Orr guideline value

The current guideline value of Orr, located in Vayallanallur village under the Poonamallee SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Orr has changed

In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 1,650 per sq.ft, which is an increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vayallanallur

Vayallanallur has 17 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 439 to Rs 4,600 per sq.ft. The median guideline value for these streets is Rs 1,760 per sq.ft, placing Orr's 2024 figure below that median.

• Silver Fields By Urban Tree Phase II: Rs 1,760 per sq.ft (2024)
• Sri Ambal Dhanalakshmi Nagar: Rs 1,099 per sq.ft (2024)
• Kamachi Nagar: Rs 660 per sq.ft (2024)
• Supradeepam: Rs 550 per sq.ft (2024)
• Supradeepam Phase III: Rs 439 per sq.ft (2024)
• Ashok Nandavanam Phase - II: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Orr

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total fees together Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Orr?

The Sub Registrar Office that covers Orr is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Vayallanallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the required stamp duty and registration fees, ensuring that the correct amounts are collected during the transaction.

Frequently asked questions

What is the current guideline value of Orr?

The current guideline value of Orr is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024. This represents an overall increase of 64% over these years.

What are the stamp duty and registration fees for property in Orr?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Orr?

The Poonamallee Sub Registrar Office covers Orr, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification for Orr?

The land classification for Orr is Mixed Type - I, indicating the type of usage permissible in this area.