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

Mathan Street (V.L.Puram) guideline value

The current guideline value of Mathan Street (V.L.Puram) is Rs 2,400 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 Special Type - I.

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

Over the years, the guideline value of Mathan Street (V.L.Puram) has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in the 2017 revision. Following that, the 2023 revision increased the value to Rs 2,200 per sq.ft, and the current 2024 revision has raised it to Rs 2,400 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 9%. The change from 2023 to 2024 reflects a 9% increase as well.

Guideline values in Oragadam

In Oragadam village, 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 value for these streets is Rs 2,200 per sq.ft, placing Mathan Street (V.L.Puram) above this median.

• Masilamani Street(Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Mathuram Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Masilamaneeswarar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Maruthi Street: Rs 1,400 per sq.ft (2024)
• Maruthi Nagar: Rs 1,300 per sq.ft (2024)
• M.C.Raja Street (V.L.Puram): Rs 2,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total 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 the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Mathan Street (V.L.Puram) 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that all transactions are recorded at a standard value.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which helps maintain transparency in property transactions.

Frequently asked questions

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

The current guideline value of Mathan 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 from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

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

The land classification for Mathan Street (V.L.Puram) is Residential Special Type - I.

Where is the Ambattur Sub Registrar Office located?

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

How is stamp duty calculated for properties in Mathan Street (V.L.Puram)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000.