Guideline Value for Ayeram Kathamman Main Road

Ayeram Kathamman Main Road guideline value

The current guideline value of Ayeram Kathamman Main Road is Rs 1,600 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 Class II Type - I.

How the guideline value of Ayeram Kathamman Main Road has changed

The guideline value for Ayeram Kathamman Main Road has seen several revisions over the years. In the 2007 revision, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, this figure dropped to Rs 1,005 per sq.ft in the 2017 revision. The 2023 revision set the value at Rs 1,500 per sq.ft, and the latest 2024 revision has increased it to Rs 1,600 per sq.ft.

Between these revisions, the guideline value changed as follows: from 2007 to 2012, there was a substantial increase of 400%. However, from 2012 to 2017, the value decreased by 33%. The value then rose by 49% from 2017 to 2023, and finally, there was a 7% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Ayeram Kathamman Main Road's 2024 figure below this median.

• Ayeram kathamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Avvaiyar Street (Gandhi Nagar): Rs 1,600 per sq.ft (2024)
• A.V.R.Street: Rs 2,400 per sq.ft (2024)
• Azhagumuthu Yadhava Street: Rs 1,600 per sq.ft (2024)
• Baba Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Babuji Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ayeram Kathamman Main Road

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value totals Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total Rs 1,44,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayeram Kathamman Main Road?

The Ayeram Kathamman Main Road 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 more information.

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

The guideline value is a crucial factor when buying or selling property in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable fees.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Ayeram Kathamman Main Road?

The current guideline value of Ayeram Kathamman Main Road is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, marking an overall increase of 433% over the years.

What is the land classification for Ayeram Kathamman Main Road?

The land classification for Ayeram Kathamman Main Road is Residential Class II Type - I.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is 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 Ayeram Kathamman Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.