Guideline Value for Ayeram kathamman Kovil Street

Ayeram kathamman Kovil Street guideline value

The current guideline value of Ayeram kathamman Kovil Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ayeram kathamman Kovil Street has changed

The guideline value for Ayeram kathamman Kovil Street has seen several revisions over the years. The earliest recorded figure is from 2002, when it was Rs 166 per sq.ft. This increased to Rs 179 per sq.ft in 2003, marking an 8% rise. The value then saw a significant increase of 179% to Rs 500 per sq.ft in 2007. In 2012, the value was revised to Rs 1,500 per sq.ft, reflecting a 200% increase. However, this was followed by a decrease of 33% to Rs 1,005 per sq.ft in 2017. The value then increased by 49% to Rs 1,500 per sq.ft in 2023, and finally rose by 7% to the current value of Rs 1,600 per sq.ft in 2024.

There are no figures available for the years not mentioned in the revisions. Overall, from 2002 to 2024, the guideline value has increased by 864%.

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 is Rs 2,200 per sq.ft, placing Ayeram kathamman Kovil Street's 2024 figure below this median.

• Ayeram Kathamman Main Road: 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 Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to 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, totaling Rs 1,44,000. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ayeram kathamman Kovil Street?

The Ayeram kathamman Kovil Street falls under the jurisdiction of 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 an essential factor when registering property transactions in Oragadam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and compliance with local regulations during the property transfer process.

Frequently asked questions

What is the current guideline value of Ayeram kathamman Kovil Street?

The current guideline value of Ayeram kathamman Kovil Street 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 166 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 864% over this period.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which registration office covers Ayeram kathamman Kovil Street?

The Ambattur Sub Registrar Office covers Ayeram kathamman Kovil Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Ayeram kathamman Kovil Street?

Ayeram kathamman Kovil Street is classified as Residential Class II Type - I, indicating its suitability for residential development.