Guideline Value for Oviar Gramam

Oviar Gramam guideline value

The current guideline value of Oviar Gramam is Rs 300 per sq.ft, effective from 1 July 2024. This village is located in Siru Mathoor under the Sriperumpudur SRO and is classified as Residential Special Type - II.

How the guideline value of Oviar Gramam has changed

The guideline value for Oviar Gramam has seen several revisions over the years. In 2012, the guideline value was Rs 300 per sq.ft. This remained the same in the 2017 revision, where it was also Rs 300 per sq.ft. However, in 2017, the value increased significantly to Rs 201 per sq.ft, marking a 49% increase from the previous revision. The 2023 revision maintained the value at Rs 300 per sq.ft, and this figure has been carried over to the 2024 revision, resulting in no change from 2023 to 2024.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged, reflecting a consistent valuation during this period.

Guideline values in Siru Mathoor

Siru Mathoor has a range of guideline values across its 24 streets under the Sriperumpudur SRO, with figures ranging from Rs 150 to Rs 2,500 per sq.ft. The median guideline value in this village is Rs 600 per sq.ft, positioning Oviar Gramam's 2024 figure below that median.

• Osuramman Koil street: Rs 600 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 Oviar Gramam

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty, calculated at 7%, would be Rs 21,000, while the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Oviar Gramam?

The Oviar Gramam area falls under the jurisdiction of 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 Siru Mathoor

The guideline value plays a crucial role in the registration process when buying or selling property in Siru Mathoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are applied fairly based on the official valuation of the property.

When a property is registered, the higher value between the guideline value and the sale price is used to determine the applicable duties and fees. This ensures that the state government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Oviar Gramam?

The current guideline value of Oviar Gramam is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 300 per sq.ft in both 2023 and 2024. The value increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification of Oviar Gramam?

Oviar Gramam is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the guideline values of other streets in Siru Mathoor?

Other streets in Siru Mathoor have varying guideline values, ranging from Rs 150 to Rs 600 per sq.ft. For instance, Osuramman Koil street and Perumal Koil street both have a guideline value of Rs 600 per sq.ft.

Where can I find the Sub Registrar Office for Oviar Gramam?

The Sub Registrar Office covering Oviar Gramam is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles property registrations for the area.