Guideline Value for Oragadam Cross Road

Oragadam Cross Road guideline value

The current guideline value of Oragadam Cross Road is Rs 5,100 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of Oragadam Cross Road has changed

The guideline value for Oragadam Cross Road has undergone several revisions over the years. The 2012 revision set the value at Rs 4,700 per sq.ft, which then decreased to Rs 3,149 per sq.ft in the 2017 revision. Following this, the value significantly increased to Rs 4,700 per sq.ft in 2023, and finally, it rose to Rs 5,100 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the increase was notable at 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value of Oragadam Cross Road is above this median.

• Oragadam Road: Rs 6,600 per sq.ft (2024)
• O.V .Alagesan Nagar: Rs 3,600 per sq.ft (2024)
• O.V. Alagesan Street: Rs 3,600 per sq.ft (2024)
• Old township Road: Rs 6,600 per sq.ft (2024)
• Old post office Road: Rs 6,600 per sq.ft (2024)
• Old E.S.I Street: Rs 5,100 per sq.ft (2024)

Stamp duty and registration fee for property in Oragadam Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,100 per sq.ft, the total guideline value would be Rs 51,00,000. The stamp duty at 7% would amount to Rs 3,57,000, and the registration fee at 2% would be Rs 1,02,000, bringing the total to Rs 4,59,000. 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 Oragadam Cross Road?

The Sub Registrar Office that covers Oragadam Cross Road 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 Ambattur

The guideline value is a crucial factor when registering property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that the transaction is recorded accurately and legally. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Oragadam Cross Road?

The current guideline value of Oragadam Cross Road is Rs 5,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,700 per sq.ft in 2012 to Rs 3,149 per sq.ft in 2017, then increased to Rs 4,700 per sq.ft in 2023, and finally to Rs 5,100 per sq.ft in 2024.

What is the land classification of Oragadam Cross Road?

Oragadam Cross Road is classified as Residential Special Type - I.

Where can I find the Ambattur Sub Registrar Office?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 51,00,000, the stamp duty would be Rs 3,57,000 at a rate of 7%.