Guideline Value for A.V.R.Street

A.V.R.Street guideline value

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

How the guideline value of A.V.R.Street has changed

The guideline value for A.V.R.Street has seen several revisions over the years. In the 2007 revision, the value was Rs 400 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in the 2012 revision, marking a 450% rise. However, in the 2017 revision, it decreased to Rs 1,474 per sq.ft, a drop of 33%. The value then rose to Rs 2,200 per sq.ft in the 2023 revision, followed by the current value of Rs 2,400 per sq.ft in the 2024 revision, which is a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 500%. The register has no figures for A.V.R.Street for the years 2002 and 2003.

Guideline values in Oragadam

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

• Avvaiyar Street (Gandhi Nagar): Rs 1,600 per sq.ft (2024)
• Ayeram kathamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Ayeram Kathamman Main Road: Rs 1,600 per sq.ft (2024)
• Azhagumuthu Yadhava Street: Rs 1,600 per sq.ft (2024)
• Baba Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Babuji Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in A.V.R.Street

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the 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, totaling Rs 2,16,000. 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 details.

Which Sub Registrar Office covers A.V.R.Street?

The Sub Registrar Office that covers A.V.R.Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. 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 the registration of property transactions in Oragadam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the official value of the property, which is essential for the registration process. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of A.V.R.Street?

The current guideline value of A.V.R.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 400 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking a total increase of 500% over the years.

What is the land classification for A.V.R.Street?

The land classification for A.V.R.Street is Residential Special Type - I.

Where can I find the Sub Registrar Office for A.V.R.Street?

The Sub Registrar Office for A.V.R.Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

How is the stamp duty calculated for properties in A.V.R.Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at 7%.