Guideline Value for A.P.Arasu 1st Cross Street

A.P.Arasu 1st Cross Street guideline value

The current guideline value of A.P.Arasu 1st Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO and is classified as Residential Special Type - I.

How the guideline value of A.P.Arasu 1st Cross Street has changed

The guideline value for A.P.Arasu 1st Cross Street has seen several revisions over the years. In 2012, the value was Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023, and then to Rs 2,400 per sq.ft in 2024, marking a 9% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 9%. The changes include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value is Rs 2,200 per sq.ft, and A.P.Arasu 1st Cross Street's 2024 figure is above that median.

• A.P.Arasu Street: Rs 2,400 per sq.ft (2024)
• Appaduri Street: Rs 1,600 per sq.ft (2024)
• Annru Street: Rs 1,600 per sq.ft (2024)
• Annibesant Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Appar Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Appar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in A.P.Arasu 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers A.P.Arasu 1st Cross Street?

The A.P.Arasu 1st Cross Street falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Oragadam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for legalizing property transactions.

When buying or selling property, it is important to be aware that the guideline value may differ from the sale price. The registration fees will be calculated based on the higher of the two values, ensuring that the transaction adheres to legal requirements.

Frequently asked questions

What is the current guideline value of A.P.Arasu 1st Cross Street?

The current guideline value of A.P.Arasu 1st Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification of A.P.Arasu 1st Cross Street?

A.P.Arasu 1st Cross Street is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for A.P.Arasu 1st Cross Street?

The Ambattur Sub Registrar Office covers A.P.Arasu 1st Cross Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in A.P.Arasu 1st Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,68,000.