Guideline Value for Ongoor

Ongoor guideline value

The current guideline value of Ongoor is Rs 200 per sq.ft, effective from 1 July 2024. Ongoor is located in Ongoor village under the Uthiramerur Sub Registrar Office (SRO), and the land classification is Residential Special Type - II.

How the guideline value of Ongoor has changed

The guideline value of Ongoor has seen several revisions over the years. The earliest available revision is from 2012, where the guideline value was Rs 200 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 134 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2023 revision maintained the same value, with no change to Rs 200 per sq.ft in the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Ongoor

There are no specific village figures provided for Ongoor. Currently, there are no other streets in Ongoor under the Uthiramerur SRO listed in the available data.

Stamp duty and registration fee for property in Ongoor

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, charged at 7%, would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000. Together, the total cost for stamp duty and registration fee would be 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Ongoor?

The Sub Registrar Office that covers Ongoor is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ongoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the correct amount is collected for the transaction.

Frequently asked questions

What is the current guideline value of Ongoor?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023.

What are the stamp duty and registration fees in Ongoor?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Ongoor located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. The higher value between the guideline value and the sale price is used for calculating the applicable fees.