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

Aravindan Street (V.L.Puram) guideline value

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

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

Over the years, the guideline value of Aravindan Street (V.L.Puram) has experienced several revisions. The most recent revision in 2024 set the guideline value at Rs 2,400 per sq.ft, marking an increase from Rs 2,200 per sq.ft in 2023, which represents a change of +9%. Looking further back, the value was Rs 1,474 per sq.ft in 2017, reflecting a significant increase of +49% to the 2023 figure. The 2012 revision also recorded a value of Rs 2,200 per sq.ft, which was a decrease of -33% from the 2017 rate. Overall, from 2012 to 2024, the guideline value has increased by +9%.

It is important to note that the register has no figures for Aravindan Street for the years 2002, 2003, and 2007. The 2012, 2017, 2023, and 2024 revisions provide the only available figures for this street.

Guideline values in Oragadam

In Oragadam village, there are a total of 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 for these streets is Rs 2,200 per sq.ft, placing Aravindan Street's 2024 figure above this median.

• Arangan Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Arangan Cross Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Appar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Aringer Anna Street (1st Ward): Rs 1,100 per sq.ft (2024)
• Appar Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Appaduri Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Aravindan 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 amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost for these 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 use our stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers Aravindan 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.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Oragadam. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When buying or selling property, the guideline value will be used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

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

The current guideline value of Aravindan 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, a +9% increase. It was Rs 1,474 per sq.ft in 2017, which is a +49% increase to the 2023 figure.

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

The land classification for Aravindan Street (V.L.Puram) is Residential Special Type - I, indicating its designated use for residential purposes.

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

The Sub Registrar Office for Aravindan 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 the 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.