Guideline Value

Corporate

Guideline Value for Rajendra Prasath 2nd Cross Street

₹2400/sq.ft.

The guideline value for Rajendra Prasath 2nd Cross Street in Oragadam village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Oragadam

Village

Ambattur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Rajendra Prasath 2nd Cross Street

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Rajendra Prasath 2nd Cross Street guideline value

The current guideline value of Rajendra Prasath 2nd Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Rajendra Prasath 2nd Cross Street has changed

In the 2012 revision, the guideline value was Rs 2,200 per sq.ft. This figure then decreased to Rs 1,474 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,200 per sq.ft in the 2023 revision, and it has now risen to Rs 2,400 per sq.ft in the 2024 revision, marking a 9% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the increase was notable at 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%.

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, with a median value of Rs 2,200 per sq.ft. The guideline value of Rajendra Prasath 2nd Cross Street is above this median.

Stamp duty and registration fee for property in Rajendra Prasath 2nd Cross Street

For a 1,000 sq.ft plot at the current rate, the 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 Rajendra Prasath 2nd Cross Street?

The Sub Registrar Office that covers Rajendra Prasath 2nd Cross 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Oragadam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to be aware of the guideline value, as it impacts the overall cost of the transaction. Understanding the guideline value helps buyers and sellers make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Rajendra Prasath 2nd Cross Street?

The current guideline value of Rajendra Prasath 2nd Cross 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 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 is now Rs 2,400 per sq.ft in 2024.

What is the land classification for Rajendra Prasath 2nd Cross Street?

The land classification for Rajendra Prasath 2nd Cross Street is Residential Special Type - I.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot has a guideline value of Rs 24,00,000, leading to a total of Rs 2,16,000 in fees.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.