Guideline Value

Corporate

Guideline Value for Nethaji Street

₹1600/sq.ft.

The guideline value for Nethaji Street in Oragadam village (Ambattur SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Oragadam

Village

Ambattur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹100 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Nethaji Street

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Nethaji Street guideline value

The current guideline value of Nethaji 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 Nethaji Street has changed

Over the years, the guideline value of Nethaji Street has seen significant changes. In 2003, the guideline value was Rs 100 per sq.ft, which increased to Rs 300 per sq.ft in 2007. Following this, the value surged to Rs 1,500 per sq.ft in 2012, marking a 400% increase from the previous revision. However, it then dropped to Rs 1,005 per sq.ft in 2017, which was a decrease of 33%. The value rose again to Rs 1,500 per sq.ft in 2023, and the latest revision in 2024 set the guideline value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2003 to 2024, the guideline value has increased by 1500%. It is important to note that the register has no figure for Nethaji Street for the year 2002.

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, with a median value of Rs 2,200 per sq.ft. Nethaji Street's 2024 guideline value of Rs 1,600 per sq.ft is below this median.

Stamp duty and registration fee for property in Nethaji 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, while the registration fee at 2% would be Rs 32,000, making the total cost for these fees Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nethaji Street?

The Sub Registrar Office that covers Nethaji 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 in the registration process of property transactions in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value influences the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Nethaji Street?

The current guideline value of Nethaji 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 100 per sq.ft in 2003 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 1500% over the years.

What is the stamp duty on property in Nethaji Street?

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

Which office handles the registration for Nethaji Street?

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

What are the guideline values of other streets in Oragadam?

Other streets in Oragadam have guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft, with the median being Rs 2,200 per sq.ft. Streets like New Anna Nagar have a guideline value of Rs 2,200 per sq.ft in 2024.