Guideline Value for Kalaivanar 1st Street

Kalaivanar 1st Street guideline value

The current guideline value of Kalaivanar 1st Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class III Type - II.

How the guideline value of Kalaivanar 1st Street has changed

The guideline value for Kalaivanar 1st Street has undergone several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, it then decreased to Rs 804 per sq.ft in 2017. Following this, the value rose to Rs 1,200 per sq.ft in 2023, before reaching the current figure of Rs 1,300 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%, while the revision from 2012 to 2017 saw a decrease of 33%. The 2007 to 2012 revision marked a substantial increase of 300%. Overall, from 2007 to 2024, the guideline value has increased by 333%. 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 that carry a guideline value for 2024, 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 of Kalaivanar 1st Street is below this median.

• Kalaivanar 2nd Street: Rs 1,300 per sq.ft (2024)
• Kalainger Karunanithi Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Kalainger Karunanithi Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Kalainger Karunanithi Street (Pudur): Rs 1,900 per sq.ft (2024)
• Kalainger Karunanithi Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Kalainger Karunanithi Street (1ward): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaivanar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 Kalaivanar 1st Street?

The Sub Registrar Office that covers Kalaivanar 1st Street 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 factor when registering property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When you buy or sell property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kalaivanar 1st Street?

The current guideline value of Kalaivanar 1st Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, showing an overall increase of 333% over the years.

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

Other streets in Oragadam include Kalaivanar 2nd Street at Rs 1,300 per sq.ft, and several Kalainger Karunanithi Streets with values ranging from Rs 1,100 to Rs 2,400 per sq.ft.

What are the stamp duty and registration fees for property in Kalaivanar 1st Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 1,17,000 based on the current guideline value.

Which office handles registrations for Kalaivanar 1st Street?

The Ambattur Sub Registrar Office handles registrations for Kalaivanar 1st Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053.