Guideline Value for Alazhagirisamy Street (V.L.Puram)

Alazhagirisamy Street (V.L.Puram) guideline value

The current guideline value of Alazhagirisamy Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of Alazhagirisamy Street (V.L.Puram) has changed

The guideline value for Alazhagirisamy Street (V.L.Puram) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, which represents a 9% increase from the 2023 revision of Rs 2,200 per sq.ft. Prior to that, the 2017 revision was Rs 1,474 per sq.ft, showing a significant increase of 49% over the six years leading to 2023. The 2012 revision also recorded a value of Rs 2,200 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Alazhagirisamy Street. Overall, from 2012 to 2024, the guideline value has increased by 9%, reflecting the changes in the property market over the years.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Alazhagirisamy Street (V.L.Puram) above this median value.

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

Stamp duty and registration fee for property in Alazhagirisamy Street (V.L.Puram)

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 amount to Rs 1,68,000, while the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Alazhagirisamy Street (V.L.Puram)?

The Sub Registrar Office that covers Alazhagirisamy Street (V.L.Puram) 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 factor in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Alazhagirisamy Street (V.L.Puram)?

The current guideline value of Alazhagirisamy Street (V.L.Puram) 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 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024, which is a 9% increase. It was Rs 1,474 per sq.ft in 2017, showing a 49% increase to the 2023 value.

What is the land classification for Alazhagirisamy Street (V.L.Puram)?

The land classification for Alazhagirisamy Street (V.L.Puram) is Residential Special Type - I.

Where can I find the Sub Registrar Office for Alazhagirisamy Street (V.L.Puram)?

The Sub Registrar Office for Alazhagirisamy Street (V.L.Puram) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Oragadam?

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