Guideline Value for Ozone City

Ozone City guideline value

The current guideline value of Ozone City, located in Thirupanthiyoor village under the Sunguvarchattram SRO, is Rs 350 per sq.ft. This value is effective from 1 July 2024.

How the guideline value of Ozone City has changed

Looking at the historical revisions, the guideline value for Ozone City has seen several changes. The 2012 revision set the value at Rs 350 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, in 2017, the value was Rs 234 per sq.ft, reflecting a decrease of 33% from the 2012 figure. The 2023 revision again maintained the value at Rs 350 per sq.ft, and the 2024 revision also holds this value steady at Rs 350 per sq.ft, marking no change from the previous year.

Between the revisions, the most significant change occurred from 2017 to 2023, where the value increased by 50%. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 350 per sq.ft.

Guideline values in Thirupanthiyoor

Thirupanthiyoor village has a total of 53 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 900 per sq.ft. The median value for these streets is Rs 350 per sq.ft, which aligns with the 2024 figure for Ozone City.

• Pazhaiyapannur Road: Rs 300 per sq.ft (2024)
• Narayana Nagar Phase-II: Rs 350 per sq.ft (2024)
• Naddu street: Rs 400 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 400 per sq.ft (2024)
• P.L.Aero City: Rs 600 per sq.ft (2024)
• P.L Aerocity Phase - II: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Ozone City

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, while the registration fee at 2% would be Rs 7,000, making the total fees together Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ozone City?

Ozone City falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Thirupanthiyoor. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value will influence the stamp duty and registration fees applicable. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that all transactions are fairly assessed according to the established rates.

Frequently asked questions

What is the current guideline value of Ozone City?

The current guideline value of Ozone City is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft since the 2012 revision, with a notable increase of 50% from 2017 to 2023. Overall, from 2012 to 2024, the value has not changed.

What is the land classification for Ozone City?

Ozone City is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Ozone City?

The Sub Registrar Office for Ozone City is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a property valued at Rs 3,50,000 would incur Rs 24,500 in stamp duty and Rs 7,000 in registration fees.