Guideline Value for Om Sakthi Nagar

Om Sakthi Nagar guideline value

The current guideline value of Om Sakthi Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This locality is situated in Gooduvancheri village, which falls under the Gooduvancheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Om Sakthi Nagar has changed

The guideline value for Om Sakthi Nagar has remained stable at Rs 1,200 per sq.ft for the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the guideline value was Rs 804 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and also a 49% increase overall from 2017 to 2024. The register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, indicating that the guideline value of Om Sakthi Nagar is below this median.

• N.G.O. colony: Rs 2,001 per sq.ft (2024)
• Nethaji Street: Rs 1,500 per sq.ft (2024)
• Nehru Street: Rs 1,500 per sq.ft (2024)
• Naveen Satish Nagar: Rs 1,500 per sq.ft (2024)
• Pangajam Street: Rs 1,000 per sq.ft (2024)
• Natarajapuram: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Om Sakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees together to Rs 1,08,000. 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?

The Sub Registrar Office that covers Om Sakthi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in this locality.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is documented at a value that reflects the established norms for the area. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar?

The current guideline value of Om Sakthi Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Om Sakthi Nagar has remained at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions. It increased from Rs 804 per sq.ft in 2017, marking a 49% rise over that period.

What is the range of guideline values in Gooduvancheri?

The guideline values in Gooduvancheri range from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Om Sakthi Nagar's guideline value is below this median.

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

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000, and the registration fee would be Rs 24,000, totaling Rs 1,08,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Om Sakthi Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Om Sakthi Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.