Guideline Value for N.P.V.Street

N.P.V.Street guideline value

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

How the guideline value of N.P.V.Street has changed

The guideline value of N.P.V.Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 500 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, reflecting a decline of 33%. The value saw a substantial increase to Rs 1,500 per sq.ft in 2023, followed by another increase to the current value of Rs 1,600 per sq.ft in 2024, which is a 7% rise.

There are no recorded figures for N.P.V.Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 220%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, indicating that N.P.V.Street's 2024 figure is below that median.

• N.S.C.Bose Street(1st Ward): Rs 1,100 per sq.ft (2024)
• Nirmal Steet: Rs 2,400 per sq.ft (2024)
• New Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Om sakthi Nagar: Rs 1,400 per sq.ft (2024)
• Oragadam Road: Rs 2,500 per sq.ft (2024)
• oragadam Road Cross Salai: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in N.P.V.Street

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 fees 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 on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.P.V.Street?

The Sub Registrar Office that covers N.P.V.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 the registration process when buying or selling property in Oragadam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of N.P.V.Street?

The current guideline value of N.P.V.Street 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 500 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, showing an overall increase of 220% over the years.

What are the stamp duty and registration fees for property in N.P.V.Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,00,000. The stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which Sub Registrar Office covers N.P.V.Street?

The Ambattur Sub Registrar Office covers N.P.V.Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of N.P.V.Street?

N.P.V.Street is classified as Residential Class II Type - I, indicating its designation for residential use in the area.