Guideline Value for Kalaivanar 2nd Street

Kalaivanar 2nd Street guideline value

The current guideline value of Kalaivanar 2nd Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Kalaivanar 2nd Street has changed

The guideline value for Kalaivanar 2nd Street has seen 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, marking a 300% rise. However, from 2012 to 2017, the value decreased to Rs 804 per sq.ft, a drop of 33%. The value then rose to Rs 1,200 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, an 8% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street in the register. Overall, from 2007 to 2024, the guideline value has increased by 333%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value 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 for Kalaivanar 2nd Street is below this median.

• Kalaivanar 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaivanar 2nd Street?

The Sub Registrar Office that covers Kalaivanar 2nd 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 details.

How the guideline value is used when you buy or sell in Oragadam

The guideline value plays a crucial role in the registration process when buying or selling property in Oragadam. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for ensuring compliance with local regulations and for accurately estimating the costs associated with property transactions in Oragadam.

Frequently asked questions

What is the current guideline value of Kalaivanar 2nd Street?

The current guideline value of Kalaivanar 2nd 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, reflecting an overall increase of 333% over the years.

What is the land classification for Kalaivanar 2nd Street?

Kalaivanar 2nd Street is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Kalaivanar 2nd Street is 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 this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at 7%.