Guideline Value for Deepa Street

Deepa Street guideline value

The current guideline value of Deepa Street in Oragadam village, under the Ambattur SRO, is Rs 1,400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Deepa Street has changed

The guideline value of Deepa Street has seen several revisions over the years. In 2007, the value was Rs 605 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012. However, it decreased to Rs 871 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 1,300 per sq.ft, and the latest revision in 2024 set it at Rs 1,400 per sq.ft. The changes between revisions include an increase of 115% from 2007 to 2012, a decrease of 33% from 2012 to 2017, an increase of 49% from 2017 to 2023, and an increase of 8% from 2023 to 2024.

It is important to note that there are no figures available for Deepa Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 131%.

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. The guideline value for Deepa Street is below this median.

• C.P.Chitarasu Street: Rs 1,900 per sq.ft (2024)
• Dhakshanamoorthy Street(1st Ward): Rs 1,600 per sq.ft (2024)
• Dhakshinamurthy Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Dhanalakshmi Street(Banu Nagar West): Rs 2,200 per sq.ft (2024)
• Dhanappan Street (Banu Nagar East): Rs 2,200 per sq.ft (2024)
• Church Street (Venkatesara Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Deepa Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, making the total cost for these fees Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Deepa Street?

The Sub Registrar Office that covers Deepa Street 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 critical factor in property transactions in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Deepa Street?

The current guideline value of Deepa Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 605 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, with various increases and decreases across different revisions.

What is the land classification for Deepa Street?

Deepa Street falls under the Residential Class III Type - I land classification.

Where can I find the Sub Registrar Office for Deepa Street?

The Sub Registrar Office for Deepa Street 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 Deepa Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000.