Guideline Value for Om Nagar - IV

Om Nagar - IV guideline value

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

How the guideline value of Om Nagar - IV has changed

Looking at the revisions, the guideline value for Om Nagar - IV has seen several changes over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 400 per sq.ft in 2023. The most recent 2024 revision also maintains this figure, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same, reflecting a stable price point in recent years.

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 the same as the guideline value for Om Nagar - IV.

• Om Nagar - III: Rs 400 per sq.ft (2024)
• Om Nagar - II: 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 - IV

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000. Together, the total cost for these fees would be Rs 36,000. 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 information.

Which Sub Registrar Office covers Om Nagar - IV?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thodukadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the true value of the property being exchanged.

Frequently asked questions

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

The current guideline value of Om Nagar - IV is Rs 400 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Om Nagar - IV has remained at Rs 400 per sq.ft since the 2012 revision, with a significant increase of 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What are the other streets in Thodukadu with similar guideline values?

Other streets in Thodukadu with a guideline value of Rs 400 per sq.ft include Om Nagar - I, Om Nagar - II, and Om Nagar - III.

What fees are associated with property transactions in Om Nagar - IV?

For property transactions in Om Nagar - IV, the stamp duty is charged at 7% and the registration fee at 2% based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Om Nagar - IV is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.