Guideline Value for Om Sakthi Nagar Ward 9

Om Sakthi Nagar Ward 9 guideline value

The current guideline value for Om Sakthi Nagar Ward 9 is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Acharapakkam village and falls under the Acchirapakkam SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Om Sakthi Nagar Ward 9 has changed

Looking at the revisions over the years, the guideline value for Om Sakthi Nagar Ward 9 has seen several changes. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 300 per sq.ft in 2012. However, this was followed by a decrease to Rs 201 per sq.ft in 2017. The subsequent revisions in 2023 and 2024 maintained the value at Rs 400 per sq.ft, indicating no change from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased significantly by 99%. The increase from 2012 to 2017 was a decrease of 33%, while the jump from 2007 to 2012 was an increase of 50%. Overall, from 2007 to 2024, the guideline value has doubled, reflecting a 100% increase.

Guideline values in Acharapakkam

Acharapakkam has 61 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Om Sakthi Nagar Ward 9 aligns with this median.

• Othavadai Extension Ward 8: Rs 400 per sq.ft (2024)
• Othavadai Street: Rs 400 per sq.ft (2024)
• North Colony: Rs 250 per sq.ft (2024)
• Pallipattu Salai Ward 8: Rs 400 per sq.ft (2024)
• Nehru Nagar: Rs 400 per sq.ft (2024)
• National Highway Ward 9: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Om Sakthi Nagar Ward 9

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total 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, bringing the total fees to 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 details.

Which Sub Registrar Office covers Om Sakthi Nagar Ward 9?

The Sub Registrar Office that covers Om Sakthi Nagar Ward 9 is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Acharapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers must ensure that the transaction value meets or exceeds the guideline value to avoid any discrepancies during registration.

When registering a property, the guideline value ensures that the government collects appropriate taxes based on the value of the property. This value is assessed periodically, and it is essential for buyers and sellers to be aware of the current rates to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value for Om Sakthi Nagar Ward 9?

The current guideline value for Om Sakthi Nagar Ward 9 is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 400 per sq.ft in 2024, reflecting an overall increase of 100% over the years.

What is the land classification for Om Sakthi Nagar Ward 9?

The land classification for Om Sakthi Nagar Ward 9 is Residential Special Type - I.

What are the stamp duty and registration fees for property in Om Sakthi Nagar Ward 9?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 400 per sq.ft, the total fees would amount to Rs 36,000.

Where is the Sub Registrar Office for Om Sakthi Nagar Ward 9 located?

The Sub Registrar Office for Om Sakthi Nagar Ward 9 is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.