Guideline Value for Oragadam Villa

Oragadam Villa guideline value

The current guideline value of Oragadam Villa is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Panapakkam village and falls under the Padappai Sub Registrar Office (SRO). It is classified as Residential Class I Type - I.

How the guideline value of Oragadam Villa has changed

The guideline value for Oragadam Villa has seen several revisions over the years. In 2012, the value was Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in 2017. Following this, there was a significant increase to Rs 700 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 770 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panapakkam

In Panapakkam, there are 28 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 990 per sq.ft, with a median of Rs 770 per sq.ft. The guideline value for Oragadam Villa is equal to this median.

• Pallavan Nagar: Rs 770 per sq.ft (2024)
• Ram Prasath Nagar: Rs 770 per sq.ft (2024)
• Lakshmi Nagar: Rs 660 per sq.ft (2024)
• Krishna Nagar: Rs 550 per sq.ft (2024)
• Sindhu Enclave: Rs 990 per sq.ft (2024)
• Sri Krishna Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Oragadam Villa

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400. Together, the total fees would amount to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Oragadam Villa?

The Oragadam Villa property is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Panapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property, the guideline value influences the stamp duty and registration fees, which are calculated based on this value. Buyers should be aware that these fees are charged on the higher of the guideline value or the agreed sale price.

Frequently asked questions

What is the current guideline value of Oragadam Villa?

The current guideline value of Oragadam Villa is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification of Oragadam Villa?

Oragadam Villa is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Oragadam Villa?

The registration office for Oragadam Villa is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How are stamp duty and registration fees calculated for properties in Panapakkam?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400.