Guideline Value for Rajagopal Street (V.L.Puram)

Rajagopal Street (V.L.Puram) guideline value

The current guideline value of Rajagopal Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Rajagopal Street (V.L.Puram) has changed

Over the years, the guideline value for Rajagopal Street (V.L.Puram) has seen several revisions. The earliest recorded figure is from 2012, set at Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017. The 2023 revision marked an increase to Rs 2,200 per sq.ft, and the most recent revision in 2024 has raised it further to Rs 2,400 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 shows a modest increase of 9% in the guideline value.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, placing Rajagopal Street (V.L.Puram) above this median.

• Ragul Street(Imanuel Nagar): Rs 2,200 per sq.ft (2024)
• Rajaji Street(Gandhi Nagar): Rs 1,900 per sq.ft (2024)
• Rajaji Street (Vinayapuram): Rs 2,400 per sq.ft (2024)
• Rajaji Street(V.L.Puram): Rs 2,400 per sq.ft (2024)
• Ragavendra Street: Rs 2,400 per sq.ft (2024)
• Raja mangalam Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Rajagopal Street (V.L.Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost for these fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajagopal Street (V.L.Puram)?

The Sub Registrar Office that covers Rajagopal Street (V.L.Puram) 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 details.

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

The guideline value plays a crucial role during property transactions in Oragadam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When selling property, the guideline value can affect the pricing strategy. Sellers must be aware of the current guideline value to set a competitive price that aligns with market expectations and regulatory requirements.

Frequently asked questions

What is the current guideline value of Rajagopal Street (V.L.Puram)?

The current guideline value of Rajagopal Street (V.L.Puram) 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 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Rajagopal Street (V.L.Puram)?

Rajagopal Street (V.L.Puram) is classified as Residential Special Type - I according to the land classification guidelines.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Rajagopal Street (V.L.Puram), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties on Rajagopal Street (V.L.Puram)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000.