Guideline Value for Sangam Street

Sangam Street guideline value

The current guideline value of Sangam Street in Oragadam village, under the Ambattur SRO, is Rs 1,400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Sangam Street has changed

The guideline value of Sangam Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 142 per sq.ft. In 2003, it increased to Rs 153 per sq.ft, marking an 8% rise. The value then saw a significant jump to Rs 400 per sq.ft in 2007, a 161% increase. This was followed by another substantial rise to Rs 1,300 per sq.ft in 2012, which represented a 225% increase. However, from 2012 to 2017, the value decreased to Rs 871 per sq.ft, a decline of 33%. The guideline value then rose to Rs 1,300 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the value at Rs 1,400 per sq.ft, an 8% increase from the previous year.

There are no figures available for the years not mentioned in the register for Sangam Street. The overall increase from 2002 to 2024 is 886%.

Guideline values in Oragadam

In Oragadam village, 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, which means Sangam Street's 2024 figure is below that median.

• Samy Chetty Street: Rs 1,600 per sq.ft (2024)
• Sampath Street (V.L.Puram): Rs 2,400 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 Sangam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total fees to Rs 1,26,000. 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 Sangam Street?

The Sub Registrar Office that covers Sangam 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 plays a crucial role in the registration process when buying or selling property in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid. The fees are calculated based on the guideline value or the sale price, whichever is higher.

During the registration, the guideline value ensures that the property is valued appropriately for taxation purposes. Buyers and sellers should 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 Sangam Street?

The current guideline value of Sangam Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value of Sangam Street changed over the years?

The guideline value has changed from Rs 142 per sq.ft in 2002 to Rs 1,400 per sq.ft in 2024, marking an overall increase of 886%.

What is the land classification of Sangam Street?

Sangam Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Sangam Street?

The Sub Registrar Office for Sangam 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 stamp duty calculated for property in Sangam Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,26,000.