Guideline Value for Dhakshinamurthy Street (V.L.Puram)

Dhakshinamurthy Street (V.L.Puram) guideline value

The current guideline value of Dhakshinamurthy Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO and falls under the Residential Special Type - I land classification.

How the guideline value of Dhakshinamurthy Street (V.L.Puram) has changed

In the 2012 revision, the guideline value was set at Rs 2,200 per sq.ft. This figure saw a significant decrease in the 2017 revision, dropping to Rs 1,474 per sq.ft, which is a decline of 33%. However, the guideline value increased sharply in the following revisions, reaching Rs 2,200 per sq.ft in 2023, and then further rising to Rs 2,400 per sq.ft in the 2024 revision, marking a 9% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 9%.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The changes between the revisions indicate a substantial fluctuation in the guideline value over the years, particularly from 2017 to 2023, where it increased by 49%.

Guideline values in Oragadam

Oragadam village has a total of 596 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making the current guideline value of Dhakshinamurthy Street (V.L.Puram) above the median.

• Dhakshanamoorthy Street(1st Ward): Rs 1,600 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)
• DR. M. Varatharajan Street (V.L.Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dhakshinamurthy Street (V.L.Puram)

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, bringing the total to Rs 2,16,000. 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 Dhakshinamurthy Street (V.L.Puram)?

The Sub Registrar Office that covers Dhakshinamurthy Street (V.L.Puram) 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 serves as a benchmark for property transactions in Oragadam. It is used to calculate the stamp duty and registration fees that must be paid during the registration of the property, ensuring that the transaction is legally recognized.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure they understand how these values influence their financial obligations during the purchase process.

Frequently asked questions

What is the current guideline value of Dhakshinamurthy Street (V.L.Puram)?

The current guideline value of Dhakshinamurthy Street (V.L.Puram) 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 seen various changes, starting from Rs 2,200 per sq.ft in 2012, dropping to Rs 1,474 per sq.ft in 2017, then rising to Rs 2,200 per sq.ft in 2023, and finally reaching Rs 2,400 per sq.ft in 2024.

What is the land classification for Dhakshinamurthy Street (V.L.Puram)?

Dhakshinamurthy Street (V.L.Puram) is classified as Residential Special Type - I, indicating its suitability for residential development.

What is the stamp duty rate applicable for properties in this area?

The stamp duty rate applicable for properties in Dhakshinamurthy Street (V.L.Puram) is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Dhakshinamurthy Street (V.L.Puram)?

The Sub Registrar Office for Dhakshinamurthy Street (V.L.Puram) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.