Guideline Value for O.P.RAMAN ST

O.P.Raman St guideline value

The current guideline value of O.P.Raman St in Vilingiyambakkam village, under the Avadi SRO, is Rs 1,310 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of O.P.Raman St has changed

The guideline value for O.P.Raman St has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 804 per sq.ft. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then to Rs 1,310 per sq.ft in 2024, marking a 9% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%. Overall, from 2012 to 2024, the increase is 9%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that have a guideline value for 2024, ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value in this village is Rs 935 per sq.ft, placing O.P.Raman St's 2024 figure above that median.

• O.C.F.Road: Rs 1,310 per sq.ft (2024)
• Padmanaban St: Rs 935 per sq.ft (2024)
• N.M.Road: Rs 2,910 per sq.ft (2024)
• Pandit Nehru Lane: Rs 800 per sq.ft (2024)
• Pandit Nehur St: Rs 800 per sq.ft (2024)
• Pandiyan St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in O.P.Raman St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,310 per sq.ft, the total guideline value would be Rs 13,10,000. The stamp duty at 7% would amount to Rs 91,700, and the registration fee at 2% would be Rs 26,200, bringing the total to Rs 1,17,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers O.P.Raman St?

The Sub Registrar Office that covers O.P.Raman St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vilingiyambakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price according to government standards.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is aligned with the current market conditions as reflected by the guideline values.

Frequently asked questions

What is the current guideline value of O.P.Raman St?

The current guideline value of O.P.Raman St is Rs 1,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,310 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in O.P.Raman St?

For a property valued at Rs 13,10,000, the stamp duty would be Rs 91,700 and the registration fee would be Rs 26,200, totaling Rs 1,17,900.

Which Sub Registrar Office covers O.P.Raman St?

The Avadi Sub Registrar Office covers O.P.Raman St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification of O.P.Raman St?

O.P.Raman St falls under the Residential Class III Type - I land classification.