Guideline Value for Om Sakthi Nagar

Om Sakthi Nagar guideline value

The current guideline value of Om Sakthi Nagar, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - I land classification.

How the guideline value of Om Sakthi Nagar has changed

Over the years, the guideline value of Om Sakthi Nagar has seen several revisions. Starting from the 2002 revision, the guideline value was Rs 87 per sq.ft. This increased significantly to Rs 328 per sq.ft in 2007, marking a change of +277%. The value then surged to Rs 1,500 per sq.ft in 2012, reflecting an increase of +357%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a change of -33%. The value rose again to Rs 1,500 per sq.ft in 2023, and it remains the same in the 2024 revision, indicating a change of +0% between these two years. The register has no figure for this street in 2003.

From 2017 to 2023, the guideline value increased by +49%. Overall, from 2002 to 2024, the guideline value has risen by +1,624%, showcasing significant growth over the years.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value is Rs 1,500 per sq.ft, which is equal to the current guideline value of Om Sakthi Nagar.

• Omsakthi Nagr: Rs 1,000 per sq.ft (2024)
• N.R.S. Nagar: Rs 1,500 per sq.ft (2024)
• N.P.R. Nagar: Rs 2,000 per sq.ft (2024)
• Padma Avenue: Rs 1,000 per sq.ft (2024)
• Padmavathi Nagar 1 & 2: Rs 1,500 per sq.ft (2024)
• Padmavathi Nagar Extn. 1 & 2: Rs 1,500 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 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. 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 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, Nandhivaram, 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 Nandhivaram

The guideline value is an essential factor in property transactions in Nandhivaram, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these fees are based on the official value set by the Registration Department.

It is important for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar?

The current guideline value of Om Sakthi Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 87 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, marking an overall increase of +1,624%.

What are the other streets in Nandhivaram with their guideline values?

Other streets in Nandhivaram include Omsakthi Nagr at Rs 1,000 per sq.ft, N.R.S. Nagar at Rs 1,500 per sq.ft, and N.P.R. Nagar at Rs 2,000 per sq.ft, among others.

What fees are associated with property transactions in Om Sakthi Nagar?

Property transactions in Om Sakthi Nagar incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

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