Guideline Value for ORANGE COUNTY

Orange County guideline value

The current guideline value of Orange County, located in Madambakkam village under the Selaiyur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Orange County has changed

The guideline value for Orange County has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. The most recent revision in 2024 saw an increase to Rs 1,600 per sq.ft, marking a 59% rise from the 2017 figure. It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street.

When looking at the changes between the revisions, the 2012 to 2017 period saw a decrease of 33%. However, from the overall perspective of 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Orange County is below this median.

• Padhuvancheri Link Road: Rs 1,100 per sq.ft (2024)
• Padhuvancheri Main Road: Rs 2,750 per sq.ft (2024)
• Padhuvancheri Mayana Salai: Rs 1,100 per sq.ft (2024)
• Padhuvancheri Mettu Street: Rs 1,300 per sq.ft (2024)
• Padhuvancheri Road: Rs 2,700 per sq.ft (2024)
• Padhuvancheri Sudalai Road: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Orange County

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, resulting in a total of Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Orange County?

The Sub Registrar Office that covers Orange County is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Orange County?

The current guideline value of Orange County is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has changed from Rs 1,500 per sq.ft to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 7%.

What was the guideline value in 2017?

The guideline value in 2017 was Rs 1,005 per sq.ft, which was a decrease from the previous value of Rs 1,500 per sq.ft in 2012.

Are there any revisions without figures for Orange County?

Yes, the register has no figures for the revisions in 2023, 2007, 2003, and 2002 for Orange County.

How is stamp duty calculated for properties in Orange County?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft property at the current guideline value would incur a total duty of Rs 1,44,000.