Guideline Value for Lakshmiamman Street (Pudur)

Lakshmiamman Street (Pudur) guideline value

The current guideline value of Lakshmiamman Street (Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Lakshmiamman Street (Pudur) has changed

The guideline value for Lakshmiamman Street (Pudur) has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was a decrease of 33% from Rs 1,206 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,800 per sq.ft, and the latest revision in 2024 raised it to Rs 1,900 per sq.ft, marking a 6% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. It is important to note that there are no figures available 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. The guideline value of Lakshmiamman Street (Pudur) is below this median.

• Lakshmi amman Nagar: Rs 1,800 per sq.ft (2024)
• Lakshmanasamy Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• K.V.K.Samy Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• K.V.K.Samy Street (Chitu Oragam): Rs 1,900 per sq.ft (2024)
• Kumarasamy Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Kumaran Street(V.L. Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmiamman Street (Pudur)

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Lakshmiamman Street (Pudur)?

The Sub Registrar Office that covers Lakshmiamman Street (Pudur) 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 plays a crucial role during the registration of property transactions in Oragadam. It is used to determine the stamp duty and registration fees that must be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it influences the overall cost of the transaction. Buyers should ensure they are informed of the latest values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Lakshmiamman Street (Pudur)?

The current guideline value of Lakshmiamman Street (Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Lakshmiamman Street (Pudur)?

Lakshmiamman Street (Pudur) is classified under Residential Class I Type - I.

What are the stamp duty and registration fees for property in Lakshmiamman Street (Pudur)?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 1,71,000, based on the guideline value of Rs 19,00,000.

Where is the Sub Registrar Office for Lakshmiamman Street (Pudur)?

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