Guideline Value for odai Street

odai Street guideline value

The current guideline value of odai Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Papanguzhi village, which falls under the Sunguvarchattram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of odai Street has changed

Looking at the revisions over the years, the guideline value for odai Street has remained at Rs 300 per sq.ft for both the 2023 and 2024 revisions. In contrast, the 2017 revision recorded a lower value of Rs 201 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also had a value of Rs 300 per sq.ft, showing a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been no change in the guideline value.

The register has no figures for the years 2002, 2003, and 2007 regarding odai Street. The 2012 revision was the first recorded value for this street at Rs 300 per sq.ft, which has remained unchanged until the latest revision.

Guideline values in Papanguzhi

In Papanguzhi, there are 9 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, positioning odai Street above this median with its 2024 figure of Rs 300 per sq.ft.

• padasalai Street: Rs 200 per sq.ft (2024)
• Palla Street: Rs 200 per sq.ft (2024)
• Perumal Kovil Street: Rs 200 per sq.ft (2024)
• P.M.S Nagar: Rs 300 per sq.ft (2024)
• Sri Sathya Sai Nagar(Akshara City): Rs 500 per sq.ft (2024)
• Thideer Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in odai Street

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 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 the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers odai Street?

The odai Street falls under the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Papanguzhi, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider this value to ensure compliance with local regulations and to facilitate a smooth registration process.

When a property is sold, the guideline value is used to assess the official value for registration purposes. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of odai Street?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft for the 2023 and 2024 revisions. It increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and the 2012 revision also recorded Rs 300 per sq.ft.

What is the median guideline value for streets in Papanguzhi?

The median guideline value for the streets in Papanguzhi is Rs 200 per sq.ft. odai Street's current value of Rs 300 per sq.ft is above this median.

What are the stamp duty and registration fees for properties in odai Street?

For a 1,000 sq.ft property at Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which registration office covers odai Street?

odai Street is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.