Guideline Value for Pindo Street

Pindo Street guideline value

The current guideline value of Pindo Street in Oragadam village, under the Ambattur SRO, is Rs 2,400 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Special Type - I.

How the guideline value of Pindo Street has changed

The guideline value of Pindo Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012, marking a 450% rise. However, the value then decreased to Rs 1,474 per sq.ft in 2017, a drop of 33%. The 2023 revision set the value at Rs 2,200 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,400 per sq.ft, reflecting a 9% increase.

There are no figures available for Pindo Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 500%.

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. Pindo Street's 2024 guideline value is above this median.

• Pillaiyar Kovil Street(V.L. Puram): Rs 2,400 per sq.ft (2024)
• Pillaiyar Kovil Street(S.No.69): Rs 1,100 per sq.ft (2024)
• Pillaiyar Koil Street V.L.Puram: Rs 2,400 per sq.ft (2024)
• Pillaiyar Koil Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Pillaiyar Koil Street (Pudur): Rs 1,900 per sq.ft (2024)
• Pillaiyar Koil Street (East Banu Nagar): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pindo Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value is Rs 24,00,000. The stamp duty at 7% amounts to Rs 1,68,000, and the registration fee at 2% is Rs 48,000, totaling Rs 2,16,000. 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 details.

Which Sub Registrar Office covers Pindo Street?

The Sub Registrar Office that covers Pindo 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 is a critical factor in the registration process 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 applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value. Buyers and sellers should 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 Pindo Street?

The current guideline value of Pindo Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 500% over the years.

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

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000, and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which office handles the registration for Pindo Street?

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

What is the land classification for Pindo Street?

The land classification for Pindo Street is Residential Special Type - I.