Guideline Value for Saint Thamas Street (A.K.A.Nagar)

Saint Thamas Street (A.K.A.Nagar) guideline value

The current guideline value of Saint Thamas Street (A.K.A.Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Saint Thamas Street (A.K.A.Nagar) has changed

Over the years, the guideline value of Saint Thamas Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,005 per sq.ft. The value remained at Rs 1,500 per sq.ft until the 2023 revision, which increased it to Rs 1,600 per sq.ft, marking a 7% increase. The latest revision in 2024 confirmed this rate.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

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. The guideline value of Saint Thamas Street (A.K.A.Nagar) is below this median.

• Saint Thamas Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Sakthi vinayagar Koil Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Ruban Street (Pudur): Rs 1,900 per sq.ft (2024)
• Sampath Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Samy Chetty Street: Rs 1,600 per sq.ft (2024)
• Sangam Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Saint Thamas Street (A.K.A.Nagar)

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, charged at 7%, would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to 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 Saint Thamas Street (A.K.A.Nagar)?

The Sub Registrar Office that covers Saint Thamas Street (A.K.A.Nagar) 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, you can 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 process of property transactions in Oragadam. It determines the minimum value at which a property can be registered and affects the stamp duty and registration fees payable during the transaction.

Frequently asked questions

What is the current guideline value of Saint Thamas Street (A.K.A.Nagar)?

The current guideline value of Saint Thamas Street (A.K.A.Nagar) 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 1,600 per sq.ft in 2024, with notable changes in between, including a decrease in 2017 and an increase in 2023.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Saint Thamas Street (A.K.A.Nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the stamp duty on property in this area?

The stamp duty on property in Saint Thamas Street (A.K.A.Nagar) is 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft property would incur a stamp duty of Rs 1,12,000.

Where can I find more information on stamp duty and registration fees?

For more information on stamp duty and registration fees, you can use the stamp duty and registration fee calculator.