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Guideline Value

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Guideline Value for Indira Gandhi Cross Street (Vijayalakshmipuram)

₹2400/sq.ft.

The guideline value for Indira Gandhi Cross Street (vijayalakshmipuram) in Oragadam village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Oragadam

Village

Ambattur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Indira Gandhi Cross Street (vijayalakshmipuram)

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Indira Gandhi Cross Street (Vijayalakshmipuram) guideline value

The current guideline value of Indira Gandhi Cross Street (Vijayalakshmipuram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Indira Gandhi Cross Street (Vijayalakshmipuram) has changed

Over the years, the guideline value of Indira Gandhi Cross Street (Vijayalakshmipuram) has seen significant changes. In the 2007 revision, the value was Rs 600 per sq.ft, which increased to Rs 2,200 per sq.ft in 2012, marking a rise of 267%. However, it then decreased to Rs 1,474 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 2,200 per sq.ft in 2023, and now stands at Rs 2,400 per sq.ft in the 2024 revision, reflecting a 9% increase.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 300%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with 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 Indira Gandhi Cross Street (Vijayalakshmipuram) above this median with its current value of Rs 2,400 per sq.ft.

Stamp duty and registration fee for property in Indira Gandhi Cross Street (Vijayalakshmipuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total charges Rs 2,16,000. Please 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 Indira Gandhi Cross Street (Vijayalakshmipuram)?

The Sub Registrar Office that covers Indira Gandhi Cross Street (Vijayalakshmipuram) is the Ambattur Sub Registrar Office. The address is 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 property transactions in Oragadam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, 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 Indira Gandhi Cross Street (Vijayalakshmipuram)?

The current guideline value of Indira Gandhi Cross Street (Vijayalakshmipuram) 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 changed significantly from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, reflecting a total increase of 300% over the years.

What are the other streets in Oragadam and their guideline values?

Other streets in Oragadam include Indira Gandhi Street (1st Ward) at Rs 1,300 per sq.ft, Indira Gandhi Street (Venkateswara Nagar) at Rs 1,600 per sq.ft, and several others, with Indira Gandhi Cross Street (Vijayalakshmipuram) being among the higher values at Rs 2,400 per sq.ft.

What is the stamp duty for properties in Indira Gandhi Cross Street (Vijayalakshmipuram)?

The stamp duty for properties in Indira Gandhi Cross Street is calculated at 7% of the guideline value. For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000.

Where can I find the Sub Registrar Office for Indira Gandhi Cross Street (Vijayalakshmipuram)?

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