Guideline Value for Samy Chetty Street

Samy Chetty Street guideline value

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

How the guideline value of Samy Chetty Street has changed

The guideline value for Samy Chetty Street has undergone several revisions since 2002. The 2002 revision recorded a value of Rs 163 per sq.ft, which increased to Rs 176 per sq.ft in 2003. Following this, the value saw significant changes, with a rise to Rs 500 per sq.ft in 2007, and then a substantial increase to Rs 1,500 per sq.ft in 2012. However, it decreased to Rs 1,005 per sq.ft in 2017. The value then rose to Rs 1,500 per sq.ft in 2023, before reaching the current rate of Rs 1,600 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2002 to 2003, the increase was +8%. The value surged by +184% from 2003 to 2007. The next revision saw a +200% increase from 2007 to 2012. However, there was a decrease of -33% from 2012 to 2017. The value then rose by +49% from 2017 to 2023, and finally, there was a +7% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +882%.

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. Samy Chetty Street's 2024 figure is below this median.

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

Stamp duty and registration fee for property in Samy Chetty Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value is 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 guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samy Chetty Street?

The Sub Registrar Office that covers Samy Chetty 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 more information.

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

The guideline value is a crucial factor when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. It is essential for buyers to be informed about the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Samy Chetty Street?

The current guideline value of Samy Chetty 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 significantly from Rs 163 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, marking an overall increase of +882% over the years.

What is the land classification of Samy Chetty Street?

Samy Chetty Street is classified as Residential Class II Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for properties in Samy Chetty Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,44,000, based on the current rates.

Which Sub Registrar Office covers Samy Chetty Street?

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