Guideline Value for Oragadam Road

Oragadam Road guideline value

The current guideline value of Oragadam Road in Oragadam village is Rs 2,500 per sq.ft, effective from 1 July 2024. This area falls under the Ambattur Sub Registrar Office (SRO) and is classified as Mixed Type - I land.

How the guideline value of Oragadam Road has changed

The guideline value of Oragadam Road has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 1,000 per sq.ft. This increased to Rs 2,300 per sq.ft in 2012, marking a significant rise of 130%. However, it then decreased to Rs 1,541 per sq.ft in 2017, a drop of 33%. The value continued to rise, reaching Rs 2,300 per sq.ft in 2023, and then increased again to the current rate of Rs 2,500 per sq.ft in 2024, which is a 9% increase from the previous year. Notably, there are no figures in the register for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 150%. The consistent revisions reflect changes in the property landscape in the area, with the most recent figure indicating a growing value in Oragadam Road.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, positioning Oragadam Road's current value above this median.

• Oragadam Road Cross Salai: Rs 2,400 per sq.ft (2024)
• Othavadai Street: Rs 1,600 per sq.ft (2024)
• Om sakthi Nagar: Rs 1,400 per sq.ft (2024)
• Pachaiammal Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Pachai Amman Koil Street: Rs 1,600 per sq.ft (2024)
• Pachaiappan Street: Rs 1,600 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 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total fees together to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

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 more details.

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

The guideline value plays a crucial role in property transactions in Oragadam. It is used as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate 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 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, reflecting an overall increase of 150% over the years.

What is the median guideline value for streets in Oragadam?

The median guideline value for streets in Oragadam is Rs 2,200 per sq.ft, with Oragadam Road's current value being above this median.

What are the stamp duty and registration fees for property in Oragadam Road?

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Which office handles registrations for Oragadam Road?

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