Guideline Value for ORAGADAM AVENUE

Oragadam Avenue guideline value

The current guideline value of Oragadam Avenue is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Thammanur village, under the Walajabad SRO, and is classified as Residential Special Type - II.

How the guideline value of Oragadam Avenue has changed

The guideline value for Oragadam Avenue has seen several revisions over the years. In the 2012 revision, the value was set at Rs 100 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision marked a significant increase, raising the value to Rs 200 per sq.ft, reflecting a 100% increase from the previous year.

Notably, there are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 100%.

Guideline values in Thammanur

In Thammanur, there are 16 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 448 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Oragadam Avenue's 2024 figure below that median.

• M.J.Nagar: Rs 300 per sq.ft (2024)
• Rishi Nagar: Rs 150 per sq.ft (2024)
• Kamadhenu Nagar Extension: Rs 448 per sq.ft (2024)
• Solar Nagar: Rs 300 per sq.ft (2024)
• Sri Balaji Nagar: Rs 150 per sq.ft (2024)
• Jeevan Nagar: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Oragadam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. 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 detailed calculations.

Which Sub Registrar Office covers Oragadam Avenue?

The Sub Registrar Office that covers Oragadam Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in real estate transactions, as it determines the minimum value at which property can be registered. When buying or selling property in Thammanur, the guideline value helps in calculating the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property transactions. This value is regularly updated, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value of Oragadam Avenue?

The current guideline value of Oragadam Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2012 revision to the 2023 revision, the guideline value remained at Rs 100 per sq.ft. However, in the 2024 revision, it increased to Rs 200 per sq.ft, marking a 100% increase from the previous year.

What is the land classification for Oragadam Avenue?

Oragadam Avenue is classified as Residential Special Type - II, which indicates its designated use for residential purposes.

Where can I find the registration office for Oragadam Avenue?

The registration office for Oragadam Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for property in Oragadam Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.