Guideline Value for Om Sakthi Temple Nagar

Om Sakthi Temple Nagar guideline value

The current guideline value of Om Sakthi Temple Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Mixed Special Type - III.

How the guideline value of Om Sakthi Temple Nagar has changed

The guideline value for Om Sakthi Temple Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 brought the guideline value to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value of Om Sakthi Temple Nagar is above this median.

• Ondicheery 1st & 2nd Street: Rs 1,760 per sq.ft (2024)
• Om Prakash Nagar: Rs 1,760 per sq.ft (2024)
• Ottakudisai: Rs 1,760 per sq.ft (2024)
• North Thoppu Street - II: Rs 1,760 per sq.ft (2024)
• North Thoppu Street - I: Rs 1,760 per sq.ft (2024)
• Padmavathy Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Om Sakthi Temple Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. 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 Temple Nagar?

The Sub Registrar Office that covers Om Sakthi Temple Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, in the Chennai registration zone. You can find your SRO for further inquiries.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor during the registration of property transactions in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller comply with the legal requirements. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Om Sakthi Temple Nagar?

The current guideline value of Om Sakthi Temple Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024, which is an overall increase of 64%.

What was the guideline value in 2023?

In 2023, the guideline value of Om Sakthi Temple Nagar was Rs 1,600 per sq.ft.

What is the land classification of Om Sakthi Temple Nagar?

Om Sakthi Temple Nagar is classified as Mixed Special Type - III.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.