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

Sathiyamoorthi Street(V.L. Puram) guideline value

The current guideline value of Sathiyamoorthi 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 Sathiyamoorthi Street(V.L. Puram) has changed

The guideline value for Sathiyamoorthi Street(V.L. Puram) has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2012, marking a 267% rise. However, by 2017, the value decreased to Rs 1,474 per sq.ft, a drop of 33%. The value then rose to Rs 2,200 per sq.ft in 2023, which was a 49% increase from the previous revision. The latest revision in 2024 set the guideline value at Rs 2,400 per sq.ft, reflecting a 9% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

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. Sathiyamoorthi Street(V.L. Puram) has a guideline value above this median.

• Sathayavani Muthu Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)
• Sathya Street(Ram Nagar): Rs 2,400 per sq.ft (2024)
• Saraswathi Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Seenivasa Nagar: Rs 1,100 per sq.ft (2024)
• Seethakathi Street: Rs 1,600 per sq.ft (2024)
• Seetharaman Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiyamoorthi 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 amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sathiyamoorthi Street(V.L. Puram)?

The Sub Registrar Office that covers Sathiyamoorthi 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 a crucial factor when registering property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When finalizing a property transaction, the guideline value helps establish a fair price for both parties. It is essential to reference this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Sathiyamoorthi 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?

Over the years, the guideline value has seen fluctuations, starting from Rs 600 per sq.ft in 2007, increasing to Rs 2,200 in 2012, dropping to Rs 1,474 in 2017, rising again to Rs 2,200 in 2023, and finally reaching Rs 2,400 in 2024.

What is the land classification for Sathiyamoorthi Street(V.L. Puram)?

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

Where is the Sub Registrar Office located?

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

What is the stamp duty rate applicable for properties in Sathiyamoorthi Street(V.L. Puram)?

The stamp duty rate applicable for properties in Sathiyamoorthi Street(V.L. Puram) is 7% of the guideline value or the sale price, whichever is higher.