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

Levenabeer Street (S.V.Nagar) guideline value

The current guideline value of Levenabeer Street (S.V.Nagar) is Rs 1,900 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 - I.

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

The guideline value for Levenabeer Street (S.V.Nagar) 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 the 2017 revision, where the value was Rs 1,206 per sq.ft. The 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision has set the value at Rs 1,900 per sq.ft, marking a 6% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, and 2007 for Levenabeer Street. Overall, the guideline value has increased by 6% from Rs 1,800 per sq.ft in 2012 to Rs 1,900 per sq.ft in 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. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Levenabeer Street's 2024 figure below this median.

• Lard Baba Street: Rs 2,400 per sq.ft (2024)
• Lal bhagadur sasthri Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Madurai veeran Street: Rs 1,800 per sq.ft (2024)
• Lakshmiamman Street (Pudur): Rs 1,900 per sq.ft (2024)
• Lakshmi amman Nagar: Rs 1,800 per sq.ft (2024)
• Lakshmanasamy Street (V.L.Puram): Rs 2,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total fees to Rs 1,71,000. It is important to note that the 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 details.

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

The Sub Registrar Office that covers Levenabeer 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 buying or selling property in Oragadam. It serves as a reference point for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property as determined by the local authorities. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Levenabeer Street (S.V.Nagar) 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. The overall change from 2012 to 2024 is an increase of 6%.

What is the land classification for Levenabeer Street (S.V.Nagar)?

The land classification for Levenabeer Street (S.V.Nagar) is Residential Class I Type - I. This classification indicates the intended use of the land for residential purposes.

What are the stamp duty and registration fees for property in Levenabeer Street (S.V.Nagar)?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Levenabeer Street (S.V.Nagar)?

The Ambattur Sub Registrar Office handles registrations for Levenabeer Street (S.V.Nagar). The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.