Guideline Value for Oragadam Road

Oragadam Road guideline value

The current guideline value of Oragadam Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This road is located in Ambattur village and falls under the Ambattur SRO with a land classification of Commercial Class I Type - II.

How the guideline value of Oragadam Road has changed

Looking back at the revisions, the guideline value for Oragadam Road was Rs 6,000 per sq.ft in 2023, which increased to Rs 6,600 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 4,020 per sq.ft, which had risen by +49% to reach Rs 6,000 per sq.ft in 2023. The 2012 revision recorded a value of Rs 6,000 per sq.ft, but this was a decrease of -33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for Oragadam Road. Overall, from 2012 to 2024, the guideline value has increased by +10%.

Guideline values in Ambattur

In Ambattur, 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 Road is above this median.

• Oragadam Cross Road: Rs 5,100 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 Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Oragadam Road?

The Sub Registrar Office that covers Oragadam 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Oragadam Road?

The current guideline value of Oragadam Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Oragadam Road has changed from Rs 4,020 per sq.ft in 2017 to Rs 6,600 per sq.ft in 2024, with various increments and a notable decrease from 2012 to 2017.

What is the median guideline value in Ambattur?

The median guideline value in Ambattur is Rs 3,600 per sq.ft, with Oragadam Road's value being above this median.

What are the stamp duty rates applicable in Oragadam Road?

The stamp duty rate in Oragadam Road is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Oragadam Road?

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