Guideline Value for Pachai Amman Koil Street

Pachai Amman Koil Street guideline value

The current guideline value of Pachai Amman Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Pachai Amman Koil Street has changed

The guideline value for Pachai Amman Koil Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value rose to Rs 1,500 per sq.ft in 2023, and most recently to Rs 1,600 per sq.ft in 2024, marking a 7% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 220%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, placing Pachai Amman Koil Street's current value below this median.

• Pachaiammal Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Pachaiappan Street: Rs 1,600 per sq.ft (2024)
• Othavadai Street: Rs 1,600 per sq.ft (2024)
• Oragadam Road Cross Salai: Rs 2,400 per sq.ft (2024)
• Oragadam Road: Rs 2,500 per sq.ft (2024)
• Om sakthi Nagar: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pachai Amman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the 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, totaling Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pachai Amman Koil Street?

The Sub Registrar Office that covers Pachai Amman Koil Street 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 Oragadam

The guideline value plays a crucial role in the registration process when buying or selling property in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to calculate the associated costs effectively.

Frequently asked questions

What is the current guideline value of Pachai Amman Koil Street?

The current guideline value of Pachai Amman Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting a 220% increase over the years.

What are the stamp duty rates for properties in Pachai Amman Koil Street?

The stamp duty for properties in Pachai Amman Koil Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Oragadam?

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

What is the median guideline value in Oragadam?

The median guideline value in Oragadam is Rs 2,200 per sq.ft, with Pachai Amman Koil Street's current value being below this median.