Guideline Value for Kamaraj Street (V.L.Puram )

Kamaraj Street (V.L.Puram ) guideline value

The current guideline value of Kamaraj Street (V.L.Puram ) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Kamaraj Street (V.L.Puram ) has changed

The guideline value for Kamaraj Street (V.L.Puram ) has undergone several revisions over the years. In 2012, the value was Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, rising to Rs 2,200 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 9% from 2012 to 2024.

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 (V.L.Puram ) is above this median value.

• Kamaraj Street (Pudur ): Rs 1,900 per sq.ft (2024)
• Kamaraj Street (Gandhi Nagar): Rs 1,800 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 AmmanNagar): Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj Street (V.L.Puram )

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to note that 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 further assistance.

Which Sub Registrar Office covers Kamaraj Street (V.L.Puram )?

Kamaraj Street (V.L.Puram ) falls under 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, please visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamaraj Street (V.L.Puram )?

The current guideline value of Kamaraj Street (V.L.Puram ) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 2,200 per sq.ft in 2012, decreasing to Rs 1,474 per sq.ft in 2017, then increasing to Rs 2,200 per sq.ft in 2023, and finally reaching Rs 2,400 per sq.ft in 2024.

What is the land classification for Kamaraj Street (V.L.Puram )?

Kamaraj Street (V.L.Puram ) is classified as Residential Special Type - I, which is significant for understanding its usage and potential development.

What are the stamp duty rates applicable in Kamaraj Street (V.L.Puram )?

The stamp duty rate applicable in Kamaraj Street (V.L.Puram ) is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamaraj Street (V.L.Puram )?

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