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

Rajaji Street(V.L.Puram) guideline value

The current guideline value of Rajaji Street(V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - I.

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

Over the years, the guideline value of Rajaji Street(V.L.Puram) has seen several revisions. The earliest recorded figure is from 2007, set at Rs 600 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2012, but then decreased to Rs 1,474 per sq.ft in 2017. The value rose again to Rs 2,200 per sq.ft in 2023, and most recently to Rs 2,400 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

In terms of percentage changes, the guideline value increased by 9% from 2023 to 2024, and by 49% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017, and a remarkable increase of 267% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 300%.

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. Rajaji Street(V.L.Puram) has a guideline value above this median, reflecting its current worth.

• Rajaji Street (Vinayapuram): Rs 2,400 per sq.ft (2024)
• Rajaji Street (Gandhi Nagar): Rs 1,900 per sq.ft (2024)
• Raja mangalam Street: Rs 1,600 per sq.ft (2024)
• Rajammal Nagar: Rs 1,600 per sq.ft (2024)
• Rajagopal Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Rajarajan Street: Rs 2,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the 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 to Rs 2,16,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Rajaji 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 information.

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

The guideline value is an essential factor in property transactions in Oragadam. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during registration.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable charges. It is crucial for both parties to understand that the final duty is based on the higher of the guideline value or the sale price, ensuring transparency in the transaction process.

Frequently asked questions

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

The current guideline value of Rajaji Street(V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 300%.

What was the guideline value in 2017?

The guideline value of Rajaji Street(V.L.Puram) in 2017 was Rs 1,474 per sq.ft.

Which Sub Registrar Office is responsible for Rajaji Street(V.L.Puram)?

The Ambattur Sub Registrar Office is responsible for Rajaji 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 in Rajaji Street(V.L.Puram)?

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