Guideline Value for Narayanasamy Street

Narayanasamy Street guideline value

The current guideline value of Narayanasamy Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of Narayanasamy Street has changed

The guideline value for Narayanasamy Street has undergone several revisions over the years. In 2002, the guideline value was Rs 145 per sq.ft, which increased to Rs 156 per sq.ft in 2003. The value saw a significant rise to Rs 600 per sq.ft in 2007, followed by a jump to Rs 2,200 per sq.ft in 2012. However, it dropped to Rs 1,474 per sq.ft in 2017. The 2023 revision set the value at Rs 2,200 per sq.ft, and the latest revision in 2024 raised it to Rs 2,400 per sq.ft.

Looking at the changes, from 2002 to 2024, the overall increase is 1,555%. The most notable change was from 2012 to 2017, where the value decreased by 33%. The value then increased by 49% from 2017 to 2023 and saw a further increase of 9% from 2023 to 2024.

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, with a median value of Rs 2,200 per sq.ft. Narayanasamy Street's 2024 guideline value is above this median.

• Narayanan Nagar(Sri kanchi kamachi gardens): Rs 1,400 per sq.ft (2024)
• Natesa pillai Street: Rs 1,900 per sq.ft (2024)
• Nathamuni Street (1st Ward): Rs 1,600 per sq.ft (2024)
• Nathamuni Street (Pudur): Rs 1,600 per sq.ft (2024)
• Nedunchezhiyan Street: Rs 2,400 per sq.ft (2024)
• Nallamuthu Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Narayanasamy Street

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, making the total fees together Rs 2,16,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Narayanasamy Street?

The Sub Registrar Office that covers Narayanasamy 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is considered to ensure that the transaction is recorded accurately. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Narayanasamy Street?

The current guideline value of Narayanasamy Street 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 145 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, showing an overall increase of 1,555% over the years.

What is the land classification for Narayanasamy Street?

Narayanasamy Street is classified as Residential Special Type - I under the Ambattur SRO.

What is the registration fee for property in Narayanasamy Street?

The registration fee for property in Narayanasamy Street is calculated based on the guideline value, which is currently Rs 2,400 per sq.ft.

Which Sub Registrar Office covers Narayanasamy Street?

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