Guideline Value for Om Sakthi Sri Ellaiamman Nagar

Om Sakthi Sri Ellaiamman Nagar guideline value

The current guideline value for Om Sakthi Sri Ellaiamman Nagar, located in Venkadu village under the Sriperumpudur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Om Sakthi Sri Ellaiamman Nagar has changed

The guideline value for Om Sakthi Sri Ellaiamman Nagar has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 400 per sq.ft. In 2017, the value decreased to Rs 268 per sq.ft, marking a decline of 33%. However, by 2023, it rose to Rs 400 per sq.ft again, reflecting a significant increase of 49% from the 2017 figure. The current revision in 2024 maintains the guideline value at Rs 400 per sq.ft, showing no change from the previous year.

It's important to note that the guideline value register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 400 per sq.ft.

Guideline values in Venkadu

In Venkadu village, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value figure, ranging from Rs 100 to Rs 471 per sq.ft. The median guideline value in this area is Rs 300 per sq.ft, which means that the guideline value for Om Sakthi Sri Ellaiamman Nagar is above this median.

• Othavadai Street: Rs 310 per sq.ft (2024)
• Nadu Stretet: Rs 300 per sq.ft (2024)
• Perumal Koil Street: Rs 300 per sq.ft (2024)
• Perumal Nagar: Rs 300 per sq.ft (2024)
• P.G.Road: Rs 300 per sq.ft (2024)
• Pooja Avenue: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Om Sakthi Sri Ellaiamman Nagar

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, making the total cost for these fees 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 detailed calculations.

Which Sub Registrar Office covers Om Sakthi Sri Ellaiamman Nagar?

The Sub Registrar Office that covers Om Sakthi Sri Ellaiamman 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 Venkadu

The guideline value is a critical factor when buying or selling property in Venkadu. It determines the minimum value at which the property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer or seller approaches the registration office, the guideline value is assessed to calculate the applicable fees. This process ensures transparency and fairness in property transactions within the area.

Frequently asked questions

What is the current guideline value of Om Sakthi Sri Ellaiamman Nagar?

The current guideline value of Om Sakthi Sri Ellaiamman Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, with a peak of Rs 400 per sq.ft in 2012 and 2024, a drop to Rs 268 per sq.ft in 2017, and a rise back to Rs 400 per sq.ft in 2023.

What is the land classification for Om Sakthi Sri Ellaiamman Nagar?

The land classification for Om Sakthi Sri Ellaiamman Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 4,00,000, the total fees would amount to Rs 36,000.

Which registration office should I visit for transactions in Om Sakthi Sri Ellaiamman Nagar?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, is the office you should visit for any property transactions in Om Sakthi Sri Ellaiamman Nagar.