Guideline Value for Om Nagar - III

Om Nagar - III guideline value

The current guideline value of Om Nagar - III is Rs 400 per sq.ft. This area is located in Thodukadu village under the Sriperumpudur SRO, classified as Residential Special Type - II.

How the guideline value of Om Nagar - III has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This figure remained unchanged in the 2017 revision, where the guideline value was Rs 268 per sq.ft. The 2023 revision also maintained the value at Rs 400 per sq.ft. The most recent revision in 2024 again set the guideline value at Rs 400 per sq.ft, resulting in a change of +0% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 400 per sq.ft.

Between the 2017 and 2023 revisions, there was a significant increase of +49%. However, the 2012 and 2017 revisions saw a decrease of -33%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Thodukadu

In Thodukadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,250 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the 2024 guideline value of Om Nagar - III.

• Om Nagar - II: Rs 400 per sq.ft (2024)
• Om Nagar - IV: Rs 400 per sq.ft (2024)
• Om Nagar - I: Rs 400 per sq.ft (2024)
• NTREE Nagar: Rs 500 per sq.ft (2024)
• PalliKooda theru: Rs 500 per sq.ft (2024)
• Parangusapuram: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Om Nagar - III

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty is calculated at 7%, which totals Rs 28,000, and the registration fee is 2%, amounting to Rs 8,000. Therefore, the total cost for stamp duty and registration fees would be Rs 36,000. 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 Om Nagar - III?

The Sub Registrar Office that covers Om Nagar - III is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Thodukadu. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Om Nagar - III?

The current guideline value of Om Nagar - III is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions being Rs 400 per sq.ft in 2023 and 2024. It was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012.

What is the land classification of Om Nagar - III?

Om Nagar - III is classified as Residential Special Type - II, which is relevant for property registration and valuation.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 4,00,000, the total cost for these fees would be Rs 36,000.

Which office handles property registrations for Om Nagar - III?

The Sriperumpudur Sub Registrar Office handles property registrations for Om Nagar - III, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.