Guideline Value for Om Kanniamman Nagar

Om Kanniamman Nagar guideline value

The current guideline value of Om Kanniamman Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Vadaperumbakkam village under the Redhills SRO, classified as Residential Special Type - I.

How the guideline value of Om Kanniamman Nagar has changed

The guideline value for Om Kanniamman Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 1,000 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase as well. The current value of Rs 1,000 per sq.ft is below the median of Rs 1,003 per sq.ft for the 77 streets in Vadaperumbakkam under the Redhills SRO.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, the guideline values for the 2024 revision range from Rs 1,000 to Rs 1,300 per sq.ft, with the median being Rs 1,003 per sq.ft. Om Kanniamman Nagar's guideline value is below this median.

• Om Sakthi Nagar: Rs 1,004 per sq.ft (2024)
• New Star City: Rs 1,000 per sq.ft (2024)
• Parvathipuram: Rs 1,003 per sq.ft (2024)
• Parvathipuram Part-I: Rs 1,003 per sq.ft (2024)
• Parvathipuram Part-II: Rs 1,003 per sq.ft (2024)
• Parvathipuram Part-IV: Rs 1,003 per sq.ft (2024)

Stamp duty and registration fee for property in Om Kanniamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be 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 fees to Rs 90,000. It is important to note that 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 Om Kanniamman Nagar?

Om Kanniamman Nagar is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadaperumbakkam. It serves as a reference point for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure they are compliant with the local regulations.

Frequently asked questions

What is the current guideline value of Om Kanniamman Nagar?

The current guideline value of Om Kanniamman Nagar 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 changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Vadaperumbakkam with their guideline values?

Other streets in Vadaperumbakkam include Om Sakthi Nagar at Rs 1,004 per sq.ft, New Star City at Rs 1,000 per sq.ft, and various parts of Parvathipuram at Rs 1,003 per sq.ft.

What are the stamp duty and registration fees for property in Om Kanniamman Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where can I find the Sub Registrar Office for Om Kanniamman Nagar?

The Sub Registrar Office covering Om Kanniamman Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.