Guideline Value for Kabilar Street (Pudur)

Kabilar Street (Pudur) guideline value

The current guideline value of Kabilar Street (Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Kabilar Street (Pudur) has changed

In the 2012 revision, the guideline value was Rs 1,800 per sq.ft. This figure then decreased to Rs 1,206 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value saw a significant increase to Rs 1,800 per sq.ft in the 2023 revision, and then rose again to Rs 1,900 per sq.ft in the 2024 revision, representing a 6% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the value has increased by 6%, despite the drop in 2017.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a guideline value range 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, placing Kabilar Street (Pudur)'s 2024 figure below the median.

• Kabilar Street (Vijayalakshmipuram): Rs 2,400 per sq.ft (2024)
• Kadharmohideen St: Rs 1,600 per sq.ft (2024)
• Jupiter Street: Rs 1,600 per sq.ft (2024)
• Kakkanji Street (11th Ward): Rs 1,600 per sq.ft (2024)
• Kakkanji 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 Kabilar Street (Pudur)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value is 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, bringing the total to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kabilar Street (Pudur)?

The Sub Registrar Office that covers Kabilar Street (Pudur) 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 crucial reference point when buying or selling property in Oragadam. It is used to calculate the stamp duty and registration fees that need to be paid at the time of registration, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value helps determine the minimum value on which the stamp duty is calculated. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kabilar Street (Pudur)?

The current guideline value of Kabilar Street (Pudur) 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 to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

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

Other streets in Oragadam include Kabilar Street (Vijayalakshmipuram) at Rs 2,400 per sq.ft, Kadharmohideen St, Jupiter Street, Kakkanji Street (11th Ward), Kakkanji Street (S.V.Nagar), and Jothi Venkatachalam Street, all at Rs 1,600 per sq.ft.

What are the stamp duty and registration fees for Kabilar Street (Pudur)?

The stamp duty for a property valued at Rs 19,00,000 is Rs 1,33,000, and the registration fee is Rs 38,000, totaling Rs 1,71,000.

Where is the Sub Registrar Office for Kabilar Street (Pudur)?

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