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Guideline Value

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Guideline Value for K.V.K.Samy Street (Chitu Oragam)

₹1900/sq.ft.

The guideline value for K.v.k.samy Street (chitu Oragam) in Oragadam village (Ambattur SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Oragadam

Village

Ambattur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 K.v.k.samy Street (chitu Oragam)

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K.V.K.Samy Street (Chitu Oragam) guideline value

The current guideline value for K.V.K.Samy Street (Chitu Oragam) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO and is classified as Residential Class I Type - I.

How the guideline value of K.V.K.Samy Street (Chitu Oragam) has changed

The guideline value for K.V.K.Samy Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, representing a 49% rise. The most recent revision in 2024 has further increased the value to Rs 1,900 per sq.ft, a change of 6% from the previous year.

It is important to note that there are no figures available for K.V.K.Samy Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 6%.

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 in this area is Rs 2,200 per sq.ft, indicating that K.V.K.Samy Street's 2024 figure of Rs 1,900 per sq.ft is below this median.

Stamp duty and registration fee for property in K.V.K.Samy Street (Chitu Oragam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, making the total Rs 1,71,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.V.K.Samy Street (Chitu Oragam)?

The Sub Registrar Office that covers K.V.K.Samy Street (Chitu Oragam) 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 plays a crucial role in the registration process of property transactions in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the actual sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring a fair process in property transactions.

Frequently asked questions

What is the current guideline value for K.V.K.Samy Street (Chitu Oragam)?

The current guideline value for K.V.K.Samy Street (Chitu Oragam) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the registration office for K.V.K.Samy Street (Chitu Oragam)?

The registration office for K.V.K.Samy Street 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 for properties in K.V.K.Samy Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000, with stamp duty calculated accordingly.

What are the guideline values for other streets in Oragadam?

Other streets in Oragadam have varying guideline values, with rates ranging from Rs 1,100 to Rs 3,500 per sq.ft. K.V.K.Samy Street (Chitu Oragam) has a 2024 value of Rs 1,900 per sq.ft, which is below the median value of Rs 2,200 per sq.ft in the area.