Guideline Value for S.V.Koil Street

S.V.Koil Street guideline value

The current guideline value of S.V.Koil Street in Oragadam village is Rs 1,600 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur SRO and is classified as Residential Class II Type - I.

How the guideline value of S.V.Koil Street has changed

The guideline value for S.V.Koil Street has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft. This figure then decreased to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, which was a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

It is important to note that the register has no figures for S.V.Koil Street in the years 2002, 2003, and 2007.

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. The median guideline value for these streets is Rs 2,200 per sq.ft, placing S.V.Koil Street's 2024 figure below that median.

• Tagore Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Tagore Street (Vijayalakshmipuram): Rs 2,400 per sq.ft (2024)
• Sundharanar Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Sundaram Street: Rs 2,400 per sq.ft (2024)
• Subramani Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Subramaniar Street (V.L.Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in S.V.Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the 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 S.V.Koil Street?

The Sub Registrar Office that covers S.V.Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, visit find your SRO.

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 a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value helps ensure that the transaction is recorded accurately, reflecting the legal value of the property. This process aids in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of S.V.Koil Street?

The current guideline value of S.V.Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the classification of S.V.Koil Street?

S.V.Koil Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for S.V.Koil Street?

The Sub Registrar Office for S.V.Koil Street is the Ambattur Sub Registrar Office, 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 S.V.Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.