Guideline Value for Meenambal Sivaraj Street

Meenambal Sivaraj Street guideline value

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

How the guideline value of Meenambal Sivaraj Street has changed

Over the years, the guideline value of Meenambal Sivaraj Street has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in 2017. Following this, the value increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a significant increase of 49%. However, from the 2012 figure to the 2017 figure, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 6%.

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 value for these streets is Rs 2,200 per sq.ft, placing Meenambal Sivaraj Street's 2024 figure below this median.

• M.C.Raja Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Mathuram Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Mettu Street: Rs 2,200 per sq.ft (2024)
• Mathan Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Mettu Street (Lakshmiamman Nagar): Rs 2,200 per sq.ft (2024)
• Masilamani Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Meenambal Sivaraj Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total 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. 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 Meenambal Sivaraj Street?

The Sub Registrar Office that covers Meenambal Sivaraj Street 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 property transactions in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid during the buying or selling process.

When you register a property, the guideline value is considered to ensure that the transaction is documented at a fair value according to the latest revisions. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Meenambal Sivaraj Street?

The current guideline value of Meenambal Sivaraj Street 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 back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the stamp duty for property in Meenambal Sivaraj Street?

The stamp duty for property in Meenambal Sivaraj Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Meenambal Sivaraj Street?

The Sub Registrar Office for Meenambal Sivaraj Street 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 in Oragadam?

The median guideline value in Oragadam is Rs 2,200 per sq.ft, which is higher than the current guideline value of Meenambal Sivaraj Street.