Guideline Value for A.P.Arasu Street

A.P.Arasu Street guideline value

The current guideline value of A.P.Arasu Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - I.

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

The guideline value for A.P.Arasu Street has seen several revisions over the years. In 2002, the value was Rs 150 per sq.ft, which increased to Rs 162 per sq.ft in 2003. The value then rose significantly to Rs 600 per sq.ft in 2007, followed by a steep increase to Rs 2,200 per sq.ft in 2012. However, there was a decrease to Rs 1,474 per sq.ft in 2017. The value then increased to Rs 2,200 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 2,400 per sq.ft.

Between the revisions, the changes are as follows: from 2002 to 2024, there has been an overall increase of 1,500%. The change from 2017 to 2023 was +49%, while the change from 2012 to 2017 was -33%. The 2007 to 2012 revision saw an increase of +267%, and from 2003 to 2007, there was an increase of +270%. The change from 2002 to 2003 was +8%. There are no figures available for any other revisions for this street.

Guideline values in Oragadam

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

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be 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 to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers A.P.Arasu Street?

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

For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of A.P.Arasu 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 several times, starting from Rs 150 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 1,500% over the years.

What is the land classification for A.P.Arasu Street?

The land classification for A.P.Arasu Street is Residential Special Type - I.

What is the stamp duty rate for properties in A.P.Arasu Street?

The stamp duty rate for properties in A.P.Arasu Street is 7%, calculated on the higher of the guideline value or the sale price.

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

The Sub Registrar Office for A.P.Arasu Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.