Guideline Value for Church Street (Venkatesara Nagar)

Church Street (Venkatesara Nagar) guideline value

The current guideline value of Church Street (Venkatesara Nagar) 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 Church Street (Venkatesara Nagar) has changed

The guideline value for Church Street (Venkatesara Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision raised it to Rs 1,600 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

Between the revisions, the changes were notable. From 2017 to 2023, there was a significant increase of 49%. However, the value dropped by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 7%.

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 of Rs 2,200 per sq.ft. Church Street (Venkatesara Nagar) is currently below this median.

• Church Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Chozhan Street (Prakash Nagar): Rs 2,400 per sq.ft (2024)
• C.P.Chitarasu Street: Rs 1,900 per sq.ft (2024)
• Cheran Street(Prakash Nagar): Rs 2,400 per sq.ft (2024)
• Deepa Street: Rs 1,400 per sq.ft (2024)
• Chengalvaraiyan Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Church Street (Venkatesara Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value is Rs 16,00,000. The stamp duty at 7% amounts to Rs 1,12,000, and the registration fee at 2% is Rs 32,000, making the total cost Rs 1,44,000. It is important to note that 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 Church Street (Venkatesara Nagar)?

The Sub Registrar Office that covers Church Street (Venkatesara 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 more information.

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 benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transaction. This ensures that both buyers and sellers are aware of the financial implications involved in the registration process.

Frequently asked questions

What is the current guideline value of Church Street (Venkatesara Nagar)?

The current guideline value of Church Street (Venkatesara Nagar) 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 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Church Street (Venkatesara Nagar)?

Church Street (Venkatesara Nagar) is classified as Residential Class II Type - I.

Where is the Ambattur Sub Registrar Office located?

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

What are the stamp duty and registration fees for a property in Church Street (Venkatesara Nagar)?

For a property with a guideline value of Rs 16,00,000, the stamp duty is Rs 1,12,000 and the registration fee is Rs 32,000, totaling Rs 1,44,000.