Guideline Value for Kamarajar Street (S.V.Nagar)

Kamarajar Street (S.V.Nagar) guideline value

The current guideline value of Kamarajar Street (S.V.Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Kamarajar Street (S.V.Nagar) has changed

The guideline value for Kamarajar Street (S.V.Nagar) has undergone several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 275% rise. However, the value dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The guideline value then surged to Rs 1,500 per sq.ft in 2023, followed by a further increase to Rs 1,600 per sq.ft in the 2024 revision, reflecting a 7% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 300%. It is important to note that the register has no figures for Kamarajar Street for the years 2002 and 2003.

Guideline values in Oragadam

In Oragadam village, there are 596 streets under the Ambattur SRO that have 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. Kamarajar Street (S.V.Nagar) is below this median with its current guideline value of Rs 1,600 per sq.ft.

• Kamarajar Street Venkateswara Nagar: Rs 1,600 per sq.ft (2024)
• Kamarajar Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Kamarajar Street (A.K.A. Nagar): Rs 1,400 per sq.ft (2024)
• Kamarajar St (maruthi Nagar): Rs 1,300 per sq.ft (2024)
• Kamalapuram Colony: Rs 2,400 per sq.ft (2024)
• Kamaraj Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Street (S.V.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value is Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Kamarajar Street (S.V.Nagar)?

The Sub Registrar Office that covers Kamarajar Street (S.V.Nagar) 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 serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value is used for official documentation and legal purposes.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the true value of the property as per government standards. This is essential for both compliance and transparency in property dealings.

Frequently asked questions

What is the current guideline value of Kamarajar Street (S.V.Nagar)?

The current guideline value of Kamarajar Street (S.V.Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, marking an overall increase of 300% over the years.

What is the stamp duty for property transactions in Kamarajar Street (S.V.Nagar)?

The stamp duty for property transactions is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000.

Which Sub Registrar Office covers Kamarajar Street (S.V.Nagar)?

Kamarajar Street (S.V.Nagar) is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the guideline values for other streets in Oragadam?

Other streets in Oragadam have guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft, with Kamarajar Street (S.V.Nagar) currently valued at Rs 1,600 per sq.ft, which is below the median value of Rs 2,200 per sq.ft.