Guideline Value for Pari Sambandar Street

Pari Sambandar Street guideline value

The current guideline value of Pari Sambandar 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 it falls under the Residential Class II Type - I land classification.

How the guideline value of Pari Sambandar Street has changed

The guideline value for Pari Sambandar Street has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 200%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The value then rose again to Rs 1,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft, which is a 7% increase from the previous year.

It is important to note that the register has no figures for Pari Sambandar Street for the years 2002 and 2003. 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 carry a 2024 guideline value 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 for Pari Sambandar Street is below this median.

• Park Street (Lakshmiamman Nagar): Rs 1,800 per sq.ft (2024)
• Parameswaran Street (S.V.Nagar): Rs 1,900 per sq.ft (2024)
• Pannerselvam Street: Rs 2,400 per sq.ft (2024)
• Pandiyan Street (Pudur): Rs 2,400 per sq.ft (2024)
• Pandiyan Street (Prakash Nagar): Rs 2,400 per sq.ft (2024)
• Pandi Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Pari Sambandar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total charges Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Pari Sambandar Street?

The Pari Sambandar Street is covered by 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 is a crucial factor when buying or selling property in Oragadam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pari Sambandar Street?

The current guideline value of Pari Sambandar 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, showing an overall increase of 220% over the years.

What are the other streets in Oragadam with their guideline values?

Other streets in Oragadam include Park Street (Lakshmiamman Nagar) at Rs 1,800 per sq.ft, Parameswaran Street (S.V.Nagar) at Rs 1,900 per sq.ft, and Pannerselvam Street at Rs 2,400 per sq.ft, among others.

What is the stamp duty for a property in Pari Sambandar Street?

The stamp duty for a property in Pari Sambandar Street is 7% of the guideline value. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000.

Which office handles the registration for Pari Sambandar Street?

The registration for Pari Sambandar Street is handled by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.