Guideline Value for Om Sakthi Nagar

Om Sakthi Nagar guideline value

The current guideline value of Om Sakthi Nagar, located in Araneri village, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of Om Sakthi Nagar has changed

Over the years, the guideline value for Om Sakthi Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft. In the 2017 revision, it decreased to Rs 201 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 300 per sq.ft. The 2023 revision maintained this figure, and the current 2024 revision also reflects Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 300 per sq.ft.

Guideline values in Araneri

In Araneri village, there are nine streets under the Sriperumpudur SRO that carry a 2024 guideline value. The values range from Rs 150 to Rs 471 per sq.ft, with the median being Rs 300 per sq.ft. Om Sakthi Nagar's guideline value aligns with this median at Rs 300 per sq.ft.

• Patturosa Poo Street: Rs 300 per sq.ft (2024)
• Poovarasam Poo street: Rs 300 per sq.ft (2024)
• Kanagambaram Poo Street: Rs 300 per sq.ft (2024)
• Ishwarya Forms & Resorts: Rs 150 per sq.ft (2024)
• Thazhampoo Street: Rs 300 per sq.ft (2024)
• Vadamalli Poo Street: Rs 300 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Om Sakthi Nagar?

The Sub Registrar Office that covers Om Sakthi Nagar 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 Araneri

The guideline value is a crucial factor during the registration of property transactions in Araneri. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar?

The current guideline value of Om Sakthi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a decrease to Rs 201 per sq.ft in 2017, followed by a return to Rs 300 per sq.ft in 2023 and 2024.

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

Other streets in Araneri, such as Patturosa Poo Street, Poovarasam Poo street, Kanagambaram Poo Street, Thazhampoo Street, and Vadamalli Poo Street, all have a guideline value of Rs 300 per sq.ft in 2024.

What is the stamp duty for property in Om Sakthi Nagar?

The stamp duty for property in Om Sakthi Nagar is 7% of the guideline value. For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000.

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

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