Guideline Value for AMBER ONE ORAGADAM

Amber One Oragadam guideline value

The current guideline value for Amber One Oragadam is Rs 126 per sq.ft, effective from 1 July 2024. This property is located in Kosapattu village under the Walajabad Sub Registrar Office, classified as Residential Class I Type - I.

How the guideline value of Amber One Oragadam has changed

The guideline value for Amber One Oragadam has undergone several revisions over the years. The most recent revision in 2024 maintains the rate at Rs 126 per sq.ft, unchanged from the 2023 revision. Prior to that, the 2017 revision saw a decrease to Rs 167 per sq.ft, marking a 25% reduction from the previous rate.

Looking further back, the 2012 revision set the guideline value at Rs 250 per sq.ft, which represents a significant decline of 33% to the 2017 figure. Overall, from 2012 to 2024, there has been a 50% decrease in the guideline value for this property. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kosapattu

Currently, there are no specific guideline values available for other properties in Kosapattu. The Amber One Oragadam guideline value stands alone in this context.

Stamp duty and registration fee for property in Amber One Oragadam

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, bringing the total fees together to Rs 11,340. 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 further calculations.

Which Sub Registrar Office covers Amber One Oragadam?

The Amber One Oragadam property falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Kosapattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value or the sale price is considered, whichever is higher, to calculate the applicable duties. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value for Amber One Oragadam?

The current guideline value for Amber One Oragadam is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has decreased significantly from Rs 250 per sq.ft in 2012 to Rs 126 per sq.ft in 2024, reflecting a 50% reduction overall.

What are the stamp duty rates for properties in Amber One Oragadam?

The stamp duty for properties in Amber One Oragadam is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department and serves as a standard for calculating stamp duty and registration fees during property transactions.