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

Jegathampal Street (V.L.Puram) guideline value

The current guideline value for Jegathampal 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, classified as Residential Special Type - I.

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

In the 2012 revision, the guideline value was Rs 2,200 per sq.ft. This figure saw a decrease to Rs 1,474 per sq.ft in the 2017 revision. Following that, the guideline value increased significantly to Rs 2,200 per sq.ft in 2023, and then further rose to Rs 2,400 per sq.ft in the 2024 revision. The register has no figure for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%. The change from 2023 to 2024 reflects a 9% increase. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, placing Jegathampal Street (V.L.Puram) above this median.

• Jegathabigai Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Jeevarathinam Street(Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Jeevanantham Street(Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Jeevanandham Street (Vijayalakshmipuram): Rs 2,400 per sq.ft (2024)
• Jeevanandham Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)
• Jothi Venkatachalam Street: Rs 1,600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value, the total value would be 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 fees to Rs 2,16,000. It is important to note that the 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 Jegathampal Street (V.L.Puram)?

The Sub Registrar Office that covers Jegathampal 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 is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Oragadam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties comply with local regulations.

During the registration process, the buyer must pay the applicable stamp duty 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 Jegathampal Street (V.L.Puram)?

The current guideline value of Jegathampal 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 changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification of Jegathampal Street (V.L.Puram)?

Jegathampal Street (V.L.Puram) is classified as Residential Special Type - I.

Where can I find the registration office for properties in this area?

The registration office for properties in Jegathampal 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.

How is the stamp duty calculated for properties in Oragadam?

Stamp duty for properties in Oragadam is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.