Guideline Value for Garden(orgadam)

Garden(orgadam) guideline value

The current guideline value of Garden(orgadam) is Rs 1,400 per sq.ft, effective from 1 July 2024. This area is located in Oragadam village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Garden(orgadam) has changed

The guideline value of Garden(orgadam) has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 73 per sq.ft. In 2003, it increased to Rs 105 per sq.ft, marking a 44% rise. The following revisions saw substantial increases, with the 2007 revision at Rs 400 per sq.ft, a 281% increase from 2003. In 2012, the value rose to Rs 1,300 per sq.ft, which was a remarkable 225% increase from the previous revision. However, the 2017 revision saw a decrease to Rs 871 per sq.ft, a drop of 33% from 2012. The value then increased to Rs 1,300 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 1,400 per sq.ft, an 8% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1818%. The register has no figures for the years between these revisions.

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 Garden(orgadam) is below this median.

• Ganesan Street: Rs 1,600 per sq.ft (2024)
• Gandhi Street(V.L.Puram): Rs 2,400 per sq.ft (2024)
• Gandhi Street (Pudur): Rs 1,900 per sq.ft (2024)
• Gandhi Street (1st Ward): Rs 1,100 per sq.ft (2024)
• Gopal Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)
• Gopal (swamy) Street (Ram Nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Garden(orgadam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value is Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Garden(orgadam)?

The Sub Registrar Office that covers Garden(orgadam) 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 an important factor in the registration of property transactions in Oragadam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately in the government records.

Additionally, the guideline value serves as a benchmark for property transactions in the area. It helps in maintaining transparency and fairness in property dealings, ensuring that both buyers and sellers are aware of the value of the property being exchanged.

Frequently asked questions

What is the current guideline value of Garden(orgadam)?

The current guideline value of Garden(orgadam) 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 significantly from Rs 73 per sq.ft in 2002 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 1818% over the years.

What is the registration office for Garden(orgadam)?

The registration office for Garden(orgadam) 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 stamp duty calculated in Garden(orgadam)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 98,000.

What are the guideline values of other streets in Oragadam?

Other streets in Oragadam have varying guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. For instance, Ganesan Street is valued at Rs 1,600 per sq.ft, while Gandhi Street (V.L.Puram) is at Rs 2,400 per sq.ft.