Guideline Value for Osuramman Koil street

Osuramman Koil street guideline value

The current guideline value of Osuramman Koil street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Siru Mathoor village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Osuramman Koil street has changed

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This figure remained unchanged in the 2017 revision, but it was reduced to Rs 402 per sq.ft. The 2023 revision brought the value back up to Rs 600 per sq.ft, which was maintained in the 2024 revision, showing no percentage change from 2023 to 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%, followed by a significant increase of 49% from 2017 to 2023. Overall, the guideline value from 2012 to 2024 shows no change, remaining at Rs 600 per sq.ft.

Guideline values in Siru Mathoor

In total, there are 24 streets in Siru Mathoor under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, which is equal to the 2024 figure for Osuramman Koil street.

• Oviar Gramam: Rs 300 per sq.ft (2024)
• Padmavathy Nagar: Rs 150 per sq.ft (2024)
• Perumal Koil street: Rs 600 per sq.ft (2024)
• Mullai Nagar: Rs 600 per sq.ft (2024)
• Metro Green Grove House: Rs 600 per sq.ft (2024)
• Raja Rajeswari Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Osuramman Koil street

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that 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 details.

Which Sub Registrar Office covers Osuramman Koil street?

The Sub Registrar Office that covers Osuramman Koil street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Siru Mathoor. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is taken into account for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Osuramman Koil street?

The current guideline value of Osuramman Koil street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since the 2012 revision, with a decrease to Rs 402 per sq.ft in 2017. It then increased back to Rs 600 per sq.ft in the 2023 and 2024 revisions.

What is the land classification for Osuramman Koil street?

Osuramman Koil street is classified as Residential Special Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Osuramman Koil street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.