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Guideline Value

Corporate

Guideline Value for Appar Street (Ram Nagar)

₹2400/sq.ft.

The guideline value for Appar Street (ram Nagar) in Oragadam village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Oragadam

Village

Ambattur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Appar Street (ram Nagar)

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Appar Street (Ram Nagar) guideline value

The current guideline value of Appar Street (Ram Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, and the land classification is Residential Special Type - I.

How the guideline value of Appar Street (Ram Nagar) has changed

The guideline value for Appar Street (Ram Nagar) has undergone several revisions over the years. In 2012, the value was Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in the 2017 revision. However, it saw a significant increase to Rs 2,200 per sq.ft in 2023, followed by a further rise to Rs 2,400 per sq.ft in the 2024 revision, representing a 9% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is +9%. Notably, 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 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. The guideline value of Rs 2,400 per sq.ft for Appar Street (Ram Nagar) is above this median.

Stamp duty and registration fee for property in Appar Street (Ram Nagar)

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, making the total 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Appar Street (Ram Nagar)?

The Sub Registrar Office that covers Appar Street (Ram Nagar) 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 critical factor when registering property transactions in Oragadam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it's essential to be aware of the guideline value to avoid any discrepancies during registration. Buyers should ensure that the sale price is not below the guideline value to prevent issues with the registration process.

Frequently asked questions

What is the current guideline value of Appar Street (Ram Nagar)?

The current guideline value of Appar Street (Ram Nagar) 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 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 Appar Street (Ram Nagar)?

The land classification for Appar Street (Ram Nagar) is Residential Special Type - I.

Where can I find the Sub Registrar Office for Appar Street (Ram Nagar)?

The Sub Registrar Office for Appar Street (Ram Nagar) 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 properties in Appar Street (Ram Nagar)?

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