Guideline Value for om sakthi nagar

Om Sakthi Nagar guideline value

The current guideline value of Om Sakthi Nagar in Keezhavedu village is Rs 620 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint I SRO and is classified as Commercial Class I Type - I.

How the guideline value of Om Sakthi Nagar has changed

Over the years, the guideline value for Om Sakthi Nagar has seen several revisions. The 2012 revision set the value at Rs 620 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 620 per sq.ft. The 2017 revision marked a significant change with a decrease to Rs 415 per sq.ft, reflecting a 33% drop from the previous figure. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%, returning to Rs 620 per sq.ft. The overall change from the 2012 revision to the 2024 revision shows no net change, remaining at Rs 620 per sq.ft.

Guideline values in Keezhavedu

In Keezhavedu, there are 11 streets under the Chengleput Joint I SRO that have a 2024 guideline value ranging from Rs 415 to Rs 1,500 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value of Om Sakthi Nagar is below this median.

• Rajammal Nagar: Rs 635 per sq.ft (2024)
• Sai Thirumala nagar: Rs 500 per sq.ft (2024)
• Jayaram Nagar Part-I: Rs 750 per sq.ft (2024)
• Jayaram Nagar: Rs 635 per sq.ft (2024)
• Sri Narayana Nagar: Rs 750 per sq.ft (2024)
• Golden heaven Phase II: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Om Sakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 620 per sq.ft, the total guideline value amounts to Rs 6,20,000. The stamp duty, charged at 7%, would be Rs 43,400, and the registration fee at 2% would be Rs 12,400, together totaling Rs 55,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Om Sakthi Nagar?

The Chengleput Joint I Sub Registrar Office covers Om Sakthi Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Keezhavedu. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is assessed to ensure that the transaction is in line with the official rates set by the government. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Om Sakthi Nagar?

The current guideline value of Om Sakthi Nagar is Rs 620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 620 per sq.ft since 2012, with a significant drop to Rs 415 per sq.ft in 2017, followed by a return to Rs 620 per sq.ft in 2023.

What is the land classification for Om Sakthi Nagar?

Om Sakthi Nagar is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

How is stamp duty calculated for properties in Om Sakthi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 620 per sq.ft incurs a stamp duty of Rs 43,400.

Where is the Chengleput Joint I Sub Registrar Office located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Tamil Nadu.