Guideline Value for OmSakthi Kovil Street

OmSakthi Kovil Street guideline value

The current guideline value of OmSakthi Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Mudhukoor village, under the Sunguvarchattram SRO, classified as Residential Class II Type - I.

How the guideline value of OmSakthi Kovil Street has changed

Since the 2012 revision, the guideline value for OmSakthi Kovil Street has remained stable at Rs 200 per sq.ft, with no change noted from 2012 to 2024. In the 2017 revision, the value was Rs 134 per sq.ft, which marked a significant increase of 49% to Rs 200 per sq.ft in the 2023 revision. The 2024 revision maintained this value, showing a 0% change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The 2012 revision recorded a guideline value of Rs 200 per sq.ft, which was a decrease of 33% from the Rs 134 per sq.ft noted in 2017. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft.

Guideline values in Mudhukoor

In Mudhukoor village, there are 29 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 448 per sq.ft. The median value among these streets is Rs 200 per sq.ft, which is equal to the current guideline value of OmSakthi Kovil Street.

• Narasamangalam Colony: Rs 200 per sq.ft (2024)
• PeriyaPalaiyathamman Kovil Street: Rs 200 per sq.ft (2024)
• Perumal Kovil Street: Rs 250 per sq.ft (2024)
• Mudukoor Colony Part: Rs 200 per sq.ft (2024)
• M.S.R. Garden: Rs 448 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in OmSakthi Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 specific calculations.

Which Sub Registrar Office covers OmSakthi Kovil Street?

The Sub Registrar Office that covers OmSakthi Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

To find more details about your local office, visit find your SRO.

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

The guideline value is an essential factor when buying or selling property in Mudhukoor, as it determines the minimum value at which the property can be registered. Buyers need to be aware that the guideline value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the seller and buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of OmSakthi Kovil Street?

The current guideline value of OmSakthi Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 200 per sq.ft. The value increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, but has remained stable since then.

What is the land classification for OmSakthi Kovil Street?

OmSakthi Kovil Street is classified as Residential Class II Type - I. This classification is important for determining the permissible uses of the land.

Where can I find the registration office for OmSakthi Kovil Street?

The registration office for OmSakthi Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mudhukoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7%.