Guideline Value for Dhakshanamoorthy Street(1st Ward)

Dhakshanamoorthy Street(1st Ward) guideline value

The current guideline value for Dhakshanamoorthy Street(1st Ward) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Dhakshanamoorthy Street(1st Ward) has changed

Over the years, the guideline value for Dhakshanamoorthy Street(1st Ward) has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 500 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a remarkable rise of 200%. However, between 2012 and 2017, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The value then surged to Rs 1,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 sees the guideline value at Rs 1,600 per sq.ft, which is a 7% increase from the previous year.

The register has no figures for Dhakshanamoorthy Street(1st Ward) for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 220%.

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. The median value for these streets is Rs 2,200 per sq.ft, placing Dhakshanamoorthy Street(1st Ward) below this median.

• 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)
• Deepa Street: Rs 1,400 per sq.ft (2024)
• C.P.Chitarasu Street: Rs 1,900 per sq.ft (2024)
• Church Street (Venkatesara Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Dhakshanamoorthy Street(1st Ward)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhakshanamoorthy Street(1st Ward)?

The Sub Registrar Office covering Dhakshanamoorthy Street(1st Ward) 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 in the registration process for property transactions in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, thus impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Dhakshanamoorthy Street(1st Ward)?

The current guideline value for Dhakshanamoorthy Street(1st Ward) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 500 per sq.ft to Rs 1,600 per sq.ft in 2024, marking an overall increase of 220%.

What are the stamp duty and registration fees for properties in this area?

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 office handles property registrations for Dhakshanamoorthy Street(1st Ward)?

The Ambattur Sub Registrar Office handles property registrations for Dhakshanamoorthy Street(1st Ward), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

What is the land classification for Dhakshanamoorthy Street(1st Ward)?

Dhakshanamoorthy Street(1st Ward) is classified as Residential Class II Type - I, indicating its suitability for residential purposes.