Guideline Value for Om Sakthi Nagar

Om Sakthi Nagar guideline value

The current guideline value of Om Sakthi Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Om Sakthi Nagar has changed

In the 2017 revision, the guideline value was set at Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 700 per sq.ft. The most recent revision in 2024 has also maintained the guideline value at Rs 700 per sq.ft, showing no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is the same as the guideline value for Om Sakthi Nagar.

• Nuzurath Nagar: Rs 700 per sq.ft (2024)
• N.S.K. Nagar: Rs 700 per sq.ft (2024)
• N.G.O. Colony Main Salai: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony IV th street: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony Ist street: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony IInd street: 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 rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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 covering 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 Sriperumbudur A

The guideline value is essential during property registration in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from 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 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value has increased by 49%. It was Rs 469 per sq.ft in 2017 and has remained at Rs 700 per sq.ft since 2023.

What are the other streets in Sriperumbudur A with the same guideline value?

Other streets in Sriperumbudur A with a guideline value of Rs 700 per sq.ft include Nuzurath Nagar and N.S.K. Nagar. There are also streets with higher values, such as N.G.O. Colony Main Salai.

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

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

How is stamp duty calculated for properties in Om Sakthi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 7,00,000 would incur a stamp duty of Rs 49,000 at 7%.