Guideline Value for Adhiyaman Street

Adhiyaman Street guideline value

The current guideline value of Adhiyaman Street in Oragadam village, under the Ambattur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of Adhiyaman Street has changed

The guideline value for Adhiyaman Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 7%. Notably, the jump from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023 represents a significant 49% increase. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded 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 guideline value for these streets is Rs 2,200 per sq.ft, placing Adhiyaman Street's 2024 figure below that median.

• Abirami Street: Rs 2,400 per sq.ft (2024)
• Abiramipuram Main Road: Rs 2,400 per sq.ft (2024)
• Abiramipuram 4th Cross Street: Rs 2,400 per sq.ft (2024)
• Abiramipuram 3rd Cross Street: Rs 2,400 per sq.ft (2024)
• Abiramipuram 2nd Cross Street: Rs 2,400 per sq.ft (2024)
• Abiramipuram 1st Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Adhiyaman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total costs together to Rs 1,44,000. It is essential to note that 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 details.

Which Sub Registrar Office covers Adhiyaman Street?

The Ambattur Sub Registrar Office covers Adhiyaman Street. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

When buying or selling property in Oragadam, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is officially recorded.

The guideline value is set by the Registration Department and is updated periodically. It reflects the minimum value at which properties in a specific area can be registered, providing a standardized measure for transactions.

Frequently asked questions

What is the current guideline value of Adhiyaman Street?

The current guideline value of Adhiyaman Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, with several revisions in between, including a decrease to Rs 1,005 per sq.ft in 2017.

What is the classification of Adhiyaman Street?

Adhiyaman Street is classified as Residential Class II Type - I, which indicates its designated use for residential purposes.

What are the stamp duty and registration fees for property in Adhiyaman Street?

For a 1,000 sq.ft property at the guideline value of Rs 1,600 per sq.ft, the total guideline value is Rs 16,00,000. The stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles registrations for Adhiyaman Street?

The Ambattur Sub Registrar Office handles registrations for Adhiyaman Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.