Guideline Value for Bharathiyar Street (Vinayagapuram)

Bharathiyar Street (Vinayagapuram) guideline value

The current guideline value of Bharathiyar Street (Vinayagapuram) 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 Bharathiyar Street (Vinayagapuram) has changed

The guideline value for Bharathiyar Street (Vinayagapuram) has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then reduced to Rs 1,474 per sq.ft in the 2017 revision. However, there was a significant increase to Rs 2,200 per sq.ft in the 2023 revision, followed by another rise to Rs 2,400 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%. 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. Bharathiyar Street (Vinayagapuram) has a guideline value above this median.

• Bharathiyar Street (Ganthi Nagar): Rs 1,800 per sq.ft (2024)
• Bharath Rathna Rajiv Gandhi Nagar: Rs 2,400 per sq.ft (2024)
• Bhavaniamman Koil Street: Rs 1,600 per sq.ft (2024)
• Bharathi Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Bharathi Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Bharathi Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street (Vinayagapuram)

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the 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, totaling Rs 2,16,000. Please note that the 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 Bharathiyar Street (Vinayagapuram)?

The Sub Registrar Office that covers Bharathiyar Street (Vinayagapuram) 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Oragadam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it impacts the overall cost of the transaction. The registration process requires that the property be valued at least at the guideline value or the actual sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Bharathiyar Street (Vinayagapuram)?

The current guideline value of Bharathiyar Street (Vinayagapuram) 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 increased 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 Bharathiyar Street (Vinayagapuram)?

The land classification for Bharathiyar Street (Vinayagapuram) is Residential Special Type - I.

What is the stamp duty for property in Bharathiyar Street (Vinayagapuram)?

The stamp duty for property in Bharathiyar Street (Vinayagapuram) is calculated at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Bharathiyar Street (Vinayagapuram)?

The Sub Registrar Office covering Bharathiyar Street (Vinayagapuram) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.