Guideline Value for Pachaiappan Street

Pachaiappan Street guideline value

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

How the guideline value of Pachaiappan Street has changed

The guideline value for Pachaiappan 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, marking a 200% rise. However, this value dropped to Rs 1,005 per sq.ft in 2017, reflecting a decrease of 33%. The subsequent revision in 2023 brought the value back up to Rs 1,500 per sq.ft, followed by the latest increase to Rs 1,600 per sq.ft in 2024, which is a 7% rise from the previous year.

There are no figures available for Pachaiappan Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 220%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Pachaiappan Street is below this median.

• Pachai Amman Koil Street: Rs 1,600 per sq.ft (2024)
• Pachaiammal Street (Venkateswara Nagar): 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 Pachaiappan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, while the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pachaiappan Street?

The Sub Registrar Office that covers Pachaiappan 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Oragadam. It serves as a benchmark for calculating the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is used to determine the amount of tax payable. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Pachaiappan Street?

The current guideline value of Pachaiappan 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, marking an overall increase of 220% over the years.

What are the other streets with the same guideline value in Oragadam?

Other streets in Oragadam with the same guideline value of Rs 1,600 per sq.ft include Pachai Amman Koil Street, Pachaiammal Street (Venkateswara Nagar), and Othavadai Street.

What are the stamp duty and registration fees for property in Pachaiappan Street?

The stamp duty for a property valued at Rs 16,00,000 would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which Sub Registrar Office covers Pachaiappan Street?

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