Guideline Value for Kamaraj Street (Gandhi Nagar)

Kamaraj Street (Gandhi Nagar) guideline value

The current guideline value of Kamaraj Street (Gandhi Nagar) is Rs 1,800 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 I Type - II.

How the guideline value of Kamaraj Street (Gandhi Nagar) has changed

The guideline value for Kamaraj Street (Gandhi Nagar) has undergone several revisions over the years. In the 2012 revision, the value was Rs 1,700 per sq.ft, which decreased to Rs 1,139 per sq.ft in the 2017 revision. This marked a decline of 33%. However, the value saw a significant increase to Rs 1,700 per sq.ft in the 2023 revision, and further rose to Rs 1,800 per sq.ft in the 2024 revision, reflecting a 6% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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. Kamaraj Street (Gandhi Nagar) has a guideline value below this median.

• Kamaraj Street (Pudur): Rs 1,900 per sq.ft (2024)
• Kamaraj Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Kamatchi Street: Rs 1,800 per sq.ft (2024)
• Kambar Street (Bharthi Nagar): Rs 2,400 per sq.ft (2024)
• Kambar Street (chithorgadam Pudur): Rs 1,900 per sq.ft (2024)
• Kambar Street (Lakshmi Amman Nagar): Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Street (Gandhi Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Kamaraj Street (Gandhi Nagar)?

The Sub Registrar Office that covers Kamaraj Street (Gandhi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, click here.

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

The guideline value is a crucial factor in the registration process when buying or selling 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 a property is sold, 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 system helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Kamaraj Street (Gandhi Nagar)?

The current guideline value of Kamaraj Street (Gandhi Nagar) is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then increased to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,800 per sq.ft in 2024.

What is the stamp duty for properties on Kamaraj Street (Gandhi Nagar)?

The stamp duty for properties on Kamaraj Street (Gandhi Nagar) is calculated at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamaraj Street (Gandhi Nagar)?

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

What is the land classification for Kamaraj Street (Gandhi Nagar)?

The land classification for Kamaraj Street (Gandhi Nagar) is Residential Class I Type - II.