Guideline Value for ORR

Orr guideline value

The current guideline value of Orr in Vayallanallur_b village is Rs 1,650 per sq.ft, effective from 1 July 2024. This area falls under the Poonamallee SRO and is classified as Mixed Type - I land.

How the guideline value of Orr has changed

The guideline value for Orr has seen significant changes over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 1,650 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, demonstrating a significant upward trend in the guideline value during that period.

Guideline values in Vayallanallur_b

In Vayallanallur_b, there are 27 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 3,100 per sq.ft. The median guideline value for these streets is Rs 1,640 per sq.ft, placing Orr's 2024 figure above this median.

• Padmavathi Nagar: Rs 1,925 per sq.ft (2024)
• Muthu Nagar: Rs 1,640 per sq.ft (2024)
• Muktha Samruddhi Nagar: Rs 750 per sq.ft (2024)
• Muktha Meenakshi Sundaram Nagar: Rs 750 per sq.ft (2024)
• M.S.Garden Nalleeswarar Nagar Phase -II: Rs 660 per sq.ft (2024)
• Kaviya Garden: Rs 220 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, resulting in a total of Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. 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_b

The guideline value is a critical factor in the registration process when buying or selling property in Vayallanallur_b. It serves as a benchmark for determining the stamp duty and registration fees payable, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value helps in calculating the applicable fees based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

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 much has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty rates for property transactions in Orr?

The stamp duty rate for property transactions in Orr is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Orr?

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

What is the median guideline value for streets in Vayallanallur_b?

The median guideline value for streets in Vayallanallur_b is Rs 1,640 per sq.ft, with Orr's value being above this median.