Guideline Value for Om sakthi Elangaliamman Nagar

Om sakthi Elangaliamman Nagar guideline value

The current guideline value of Om sakthi Elangaliamman Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Kaduvancheri village under the Sriperumpudur SRO, classified as a New House Site Type -III (Approved Lay-Out).

How the guideline value of Om sakthi Elangaliamman Nagar has changed

The guideline value for Om sakthi Elangaliamman Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, set at Rs 400 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 268 per sq.ft. However, the value increased significantly to Rs 400 per sq.ft in the 2023 revision, maintaining that figure into the 2024 revision with no change.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023. Between 2012 and 2017, there was a decrease of 33%. Overall, when comparing the 2012 and 2024 figures, the guideline value remains unchanged at Rs 400 per sq.ft.

Guideline values in Kaduvancheri

In Kaduvancheri, there are 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value in this area is Rs 300 per sq.ft, placing Om sakthi Elangaliamman Nagar's 2024 figure above that median.

• Pakialakshmi Nagar: Rs 250 per sq.ft (2024)
• Nellooramman Koil Street: Rs 100 per sq.ft (2024)
• Peninsula Housing Scheme: Rs 200 per sq.ft (2024)
• Melamaruvathur Adhiparasakthi Nagar: Rs 300 per sq.ft (2024)
• Ragas: Rs 300 per sq.ft (2024)
• Mahidhara Supreme classic: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Om sakthi Elangaliamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the 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, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Om sakthi Elangaliamman Nagar?

The Sub Registrar Office that covers Om sakthi Elangaliamman 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 details.

How the guideline value is used when you buy or sell in Kaduvancheri

The guideline value is a crucial factor in property transactions in Kaduvancheri, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it ensures compliance with local regulations and helps in determining the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Om sakthi Elangaliamman Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, remaining the same into 2024.

What is the land classification of Om sakthi Elangaliamman Nagar?

Om sakthi Elangaliamman Nagar is classified as a New House Site Type -III (Approved Lay-Out).

Where can I find the Sub Registrar Office for this area?

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

How is stamp duty calculated for property in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,00,000 incurs a stamp duty of Rs 28,000 at 7%.