Guideline Value for Alagumuthuvarayan Street

Alagumuthuvarayan Street guideline value

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

How the guideline value of Alagumuthuvarayan Street has changed

The guideline value for Alagumuthuvarayan Street has seen significant changes over the years. In 2002, the guideline value was Rs 71 per sq.ft, which increased to Rs 110 per sq.ft in 2003, marking a rise of 55%. The value continued to climb, reaching Rs 500 per sq.ft in 2007, representing a substantial increase of 355%. By 2012, the value was Rs 1,500 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2017 revision saw the value rise again to Rs 1,005 per sq.ft, and by 2023, it increased to Rs 1,500 per sq.ft. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, a 7% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,154%. There are no figures available for the years not listed in the register for this street.

Guideline values in Oragadam

In Oragadam village, 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, with a median value of Rs 2,200 per sq.ft. Alagumuthuvarayan Street's 2024 figure of Rs 1,600 per sq.ft is below this median.

• Alagumuthu yadava Street: Rs 1,600 per sq.ft (2024)
• Alagappa Road: Rs 1,600 per sq.ft (2024)
• Alazhagirisamy Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Agathiyar Street: Rs 1,600 per sq.ft (2024)
• Ambedkar Street(S.No.69): Rs 1,300 per sq.ft (2024)
• Ambethkar Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Alagumuthuvarayan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alagumuthuvarayan Street?

The Sub Registrar Office that covers Alagumuthuvarayan Street is 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 figure used during the registration of property transactions in Oragadam. It serves as a reference for determining the stamp duty and registration fees that must be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps establish a baseline for the transaction. Buyers and sellers should be aware of this value, as it can influence the overall cost of the transaction, including additional fees that may apply.

Frequently asked questions

What is the current guideline value of Alagumuthuvarayan Street?

The current guideline value of Alagumuthuvarayan 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 significantly from Rs 71 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, marking an overall increase of 2,154% over this period.

What is the land classification of Alagumuthuvarayan Street?

Alagumuthuvarayan Street is classified as Residential Class II Type - I, which is important for determining the applicable guidelines and regulations for property transactions.

Where can I find the Sub Registrar Office for Alagumuthuvarayan Street?

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

How is the stamp duty calculated for property in Alagumuthuvarayan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.