Guideline Value for Rajendra Prasath 6th Cross Street

Rajendra Prasath 6th Cross Street guideline value

The current guideline value of Rajendra Prasath 6th 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 and is classified as Residential Special Type - I.

How the guideline value of Rajendra Prasath 6th Cross Street has changed

The guideline value for Rajendra Prasath 6th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then reduced to Rs 1,474 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,200 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

Between the revisions, significant changes were noted. From 2017 to 2023, there was a notable increase of 49%. However, the value dropped by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, placing Rajendra Prasath 6th Cross Street above this median.

• Rajendra Prasath 5th Cross Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Rajendra Prasath 4th Cross Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath 3rd Cross Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath 2nd Cross Street: Rs 2,400 per sq.ft (2024)
• Rajendra Prasath 1st Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rajendra Prasath 6th Cross Street

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 to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajendra Prasath 6th Cross Street?

The Rajendra Prasath 6th Cross Street falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property, which is essential for legal and financial transactions. It is important to 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 Rajendra Prasath 6th Cross Street?

The current guideline value of Rajendra Prasath 6th 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 finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for this street?

Rajendra Prasath 6th Cross Street is classified as Residential Special Type - I.

Where can I find the registration office for this street?

The registration office for Rajendra Prasath 6th 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.

What is the stamp duty for property in this area?

The stamp duty for property in Rajendra Prasath 6th Cross Street is 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,68,000 based on the current guideline value.