Guideline Value for Om Nagar - I

Om Nagar - I guideline value

The current guideline value of Om Nagar - I is Rs 400 per sq.ft. This area is located in Thodukadu village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Om Nagar - I has changed

The guideline value for Om Nagar - I has seen several revisions over the years. In the 2012 revision, the value was set at Rs 400 per sq.ft. This remained unchanged in the 2017 revision, where it was Rs 268 per sq.ft, reflecting a decrease of 33%. However, the value increased significantly by 49% to Rs 400 per sq.ft in the 2023 revision. The current 2024 revision also maintains this value at Rs 400 per sq.ft, indicating 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. Thus, the revisions we can reference are from 2012, 2017, 2023, and 2024.

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, placing Om Nagar - I's 2024 figure at this median level.

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

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 at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Please 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 Om Nagar - I?

The Sub Registrar Office covering Om Nagar - I 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 crucial factor when registering property transactions in Thodukadu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer purchases a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value of Om Nagar - I is Rs 400 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023 and remained the same in 2024.

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 - II, Om Nagar - III, and Om Nagar - IV.

What fees are associated with buying property in Om Nagar - I?

When buying property in Om Nagar - I, the fees include a stamp duty of 7% and a registration fee of 2%, calculated based on the guideline value or the sale price, whichever is higher.

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

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