Guideline Value for Kalaivanar Street

Kalaivanar Street guideline value

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

How the guideline value of Kalaivanar Street has changed

The guideline value for Kalaivanar Street has undergone several revisions over the years. In 2002, the guideline value was Rs 163 per sq.ft, which increased to Rs 176 per sq.ft in 2003, marking an 8% rise. By 2007, the value saw a significant jump to Rs 500 per sq.ft, reflecting a 184% increase. The subsequent revision in 2012 adjusted the value to Rs 1,200 per sq.ft, which was a 140% increase from the previous figure.

In 2017, the guideline value was revised to Rs 804 per sq.ft, showing a decrease of 33%. The value then increased to Rs 1,200 per sq.ft in 2023, before reaching the current rate of Rs 1,300 per sq.ft in 2024, representing an 8% increase. Overall, from 2002 to 2024, the guideline value has increased by 698%. The register has no figure for the years not mentioned.

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. Kalaivanar Street's current guideline value is below this median.

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

Stamp duty and registration fee for property in Kalaivanar 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, totaling Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaivanar Street?

The Sub Registrar Office that covers Kalaivanar 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 a property in Oragadam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to understand the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Kalaivanar Street?

The current guideline value of Kalaivanar 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 163 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 698% over the years.

What is the land classification for Kalaivanar Street?

Kalaivanar Street falls under the Residential Class III Type - II land classification.

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

The Sub Registrar Office for Kalaivanar 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 property in Kalaivanar Street?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 1,300 per sq.ft, the total stamp duty would be Rs 91,000.