Guideline Value for Kamarajar Street Venkateswara Nagar

Kamarajar Street Venkateswara Nagar guideline value

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

How the guideline value of Kamarajar Street Venkateswara Nagar has changed

Over the years, the guideline value of Kamarajar Street Venkateswara Nagar has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision. However, the value significantly increased to Rs 1,500 per sq.ft in 2023, and then further rose to Rs 1,600 per sq.ft in the 2024 revision, marking a 7% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The overall change from the 2012 revision to the 2024 revision is a modest increase of 7%. It is important to note that there are no recorded 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 have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with the median value being Rs 2,200 per sq.ft. The guideline value for Kamarajar Street Venkateswara Nagar is below this median.

• Kamarajar Street (S.V.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 Venkateswara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be 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 to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar Street Venkateswara Nagar?

The Kamarajar Street Venkateswara Nagar falls under the jurisdiction of 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 details.

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 serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the prevailing rates in the area. This value is essential for both buyers and sellers to understand their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value for Kamarajar Street Venkateswara Nagar?

The current guideline value for Kamarajar Street Venkateswara 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 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Kamarajar Street Venkateswara Nagar?

Kamarajar Street Venkateswara Nagar is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Kamarajar Street Venkateswara Nagar?

The Sub Registrar Office for Kamarajar Street Venkateswara Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value for streets in Oragadam?

The median guideline value for streets in Oragadam is Rs 2,200 per sq.ft, while Kamarajar Street Venkateswara Nagar's value is below this median at Rs 1,600 per sq.ft.