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

Rajasekaran Street (V.L.Puram) guideline value

The current guideline value of Rajasekaran 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 Rajasekaran Street (V.L.Puram) has changed

The guideline value for Rajasekaran Street (V.L.Puram) has undergone several revisions over the years. In the 2012 revision, the value was Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in the 2017 revision. The subsequent revision in 2023 saw an increase to Rs 2,200 per sq.ft, followed by the current value of Rs 2,400 per sq.ft from the 2024 revision.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 represents a 9% increase. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Rajasekaran Street's current value above this median.

• Raja Street: Rs 1,600 per sq.ft (2024)
• Rajarao Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath 1st Cross Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath 2nd Cross Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath 3rd Cross Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath 4th Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rajasekaran 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, totaling Rs 2,16,000. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office covering Rajasekaran 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 a crucial factor during the registration of property transactions in Oragadam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs incurred during the buying or selling process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during registration.

Frequently asked questions

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

The current guideline value of Rajasekaran 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 back 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 of Rajasekaran Street (V.L.Puram)?

Rajasekaran Street (V.L.Puram) is classified as Residential Special Type - I.

What are the stamp duty and registration fees for properties in Rajasekaran Street (V.L.Puram)?

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 registrations for Rajasekaran Street (V.L.Puram)?

The Ambattur Sub Registrar Office handles registrations for Rajasekaran Street (V.L.Puram), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.