Guideline Value for Kalaivanar Cross Street

Kalaivanar Cross Street guideline value

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

How the guideline value of Kalaivanar Cross Street has changed

Over the years, the guideline value for Kalaivanar Cross Street has seen significant changes. Starting from the 2007 revision, the value was Rs 300 per sq.ft. It then increased dramatically to Rs 1,200 per sq.ft in 2012, marking a 300% rise. However, the value dropped to Rs 804 per sq.ft in 2017, a decrease of 33%. The 2023 revision set the value at Rs 1,200 per sq.ft, and the most recent 2024 revision has increased it to Rs 1,300 per sq.ft, reflecting an 8% increase.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from the 2007 to the 2024 revision, the guideline value has increased by 333%. It is important to note that 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 with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Kalaivanar Cross Street's 2024 figure below that median.

• Kalaivanar 2nd Street: Rs 1,300 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Kalaivanar Cross 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 fees to Rs 1,17,000. 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 detailed calculations.

Which Sub Registrar Office covers Kalaivanar Cross Street?

The Sub Registrar Office that covers Kalaivanar Cross 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 buying or selling property in Oragadam, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When a buyer approaches the registration office, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions, providing a standardized method for property valuation across the region.

Frequently asked questions

What is the current guideline value of Kalaivanar Cross Street?

The current guideline value of Kalaivanar Cross 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 significantly, from Rs 300 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 333% over the years.

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

Other streets in Oragadam, such as Kalaivanar 1st Street and Kalaivanar 2nd Street, also have a guideline value of Rs 1,300 per sq.ft in 2024.

What fees are associated with property registration in Kalaivanar Cross Street?

For a property valued at Rs 13,00,000, the stamp duty is Rs 91,000 and the registration fee is Rs 26,000, totaling Rs 1,17,000.

Where can I find the Sub Registrar Office for Kalaivanar Cross Street?

The Ambattur Sub Registrar Office covers Kalaivanar Cross Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.