Guideline Value for Ambattu Oragadam Co-operative Building Society Colony (S.No.880/1, 2, 3)

Ambattu Oragadam Co-operative Building Society Colony (S.No.880/1, 2, 3) guideline value

The current guideline value for Ambattu Oragadam Co-operative Building Society Colony (S.No.880/1, 2, 3) is Rs 1,900 per sq.ft, effective from 1 July 2024. This property is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ambattu Oragadam Co-operative Building Society Colony (S.No.880/1, 2, 3) has changed

The guideline value for Ambattu Oragadam Co-operative Building Society Colony has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in the 2017 revision. However, the most recent revision in 2024 saw a significant increase to Rs 1,900 per sq.ft, marking a 58% rise from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 6%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street in the register.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Ambattu Oragadam Co-operative Building Society Colony's 2024 figure below this median.

• Ambattu Oragadam Co-operative Building Society Colony (Balaji Nagar): Rs 3,801 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,500 per sq.ft (2024)
• Ambedkar Road 2nd Street: Rs 1,500 per sq.ft (2024)
• Ambedkar Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Al Ameen Nagar Extn.,: Rs 880 per sq.ft (2024)
• Al Ameen Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Ambattu Oragadam Co-operative Building Society Colony (S.No.880/1, 2, 3)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ambattu Oragadam Co-operative Building Society Colony (S.No.880/1, 2, 3)?

The Ambattu Oragadam Co-operative Building Society Colony is covered by 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that must be paid during the transaction, ensuring that the government receives the appropriate revenue based on the property's value.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the transaction is fairly assessed according to the prevailing market conditions as reflected in the guideline value register.

Frequently asked questions

What is the current guideline value for Ambattu Oragadam Co-operative Building Society Colony?

The current guideline value for Ambattu Oragadam Co-operative Building Society Colony (S.No.880/1, 2, 3) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, and then increased to Rs 1,900 per sq.ft in 2024. Overall, there has been a 6% increase from 2012 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000, and the registration fee would be Rs 38,000, totaling Rs 1,71,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for this property?

The Ambattur Sub Registrar Office handles registrations for properties in Ambattu Oragadam Co-operative Building Society Colony. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value for streets in Thirumullaivoyal?

The median guideline value for the 975 streets in Thirumullaivoyal is Rs 2,400 per sq.ft. The guideline value for Ambattu Oragadam Co-operative Building Society Colony is below this median.