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

Andalammal Street (V.L.Puram) guideline value

The current guideline value of Andalammal 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, with a land classification of Residential Special Type - I.

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

Over the years, the guideline value of Andalammal Street (V.L.Puram) has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which was followed by a significant drop to Rs 1,474 per sq.ft in the 2017 revision, marking a decrease of 33%. However, in the 2023 revision, the value increased to Rs 2,200 per sq.ft, and the most recent 2024 revision has further raised it to Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

From the 2017 revision to the 2023 revision, there was an overall increase of 49%. When considering the overall change from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

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, with a median value of Rs 2,200 per sq.ft. The guideline value of Andalammal Street (V.L.Puram) is above this median.

• Anbu Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Anbunayagam Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Anbazhagan Street (VL Puram): Rs 2,400 per sq.ft (2024)
• Anbalagan Street(S.No.69): Rs 1,100 per sq.ft (2024)
• Anandham Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Anandan Street (S.No.61, 62, 72,71): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Andalammal 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, and 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 the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Andalammal 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 further assistance.

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 must be paid to the government during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. 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 Andalammal Street (V.L.Puram)?

The current guideline value of Andalammal 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 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

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

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

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

The Sub Registrar Office for Andalammal 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.

How is stamp duty calculated for properties in Oragadam?

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