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

Sampath Street (V.L.Puram) guideline value

The current guideline value of Sampath Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sampath Street (V.L.Puram) has changed

The guideline value of Sampath Street (V.L.Puram) has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,200 per sq.ft in 2023, and finally, it rose to Rs 2,400 per sq.ft in the 2024 revision. The changes between these revisions include a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 9% increase from 2023 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. 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 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, making the current value of Sampath Street (V.L.Puram) above this median.

• Samy Chetty Street: Rs 1,600 per sq.ft (2024)
• Sangam Street: Rs 1,400 per sq.ft (2024)
• Sakthi vinayagar Koil Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Sankar Street: Rs 1,400 per sq.ft (2024)
• Saint Thamas Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Saint Thamas Street (A.K.A.Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sampath Street (V.L.Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be 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 fees to Rs 2,16,000. Note that the 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 Sampath Street (V.L.Puram)?

The Sub Registrar Office that covers Sampath 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 an essential factor in the registration process when buying or selling property in Oragadam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the fees reflect the true value of the property being transacted.

Frequently asked questions

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

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

The land classification for Sampath Street (V.L.Puram) is Residential Special Type - I.

What are the stamp duty and registration fees for property on this street?

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 Sampath Street (V.L.Puram)?

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