Guideline Value for Senbagammal Street

Senbagammal Street guideline value

The current guideline value of Senbagammal Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Senbagammal Street has changed

The guideline value for Senbagammal Street has undergone several revisions over the years. The earliest recorded revision is from 2002, which set the value at Rs 128 per sq.ft. This increased to Rs 138 per sq.ft in 2003, marking a rise of 8%. The value saw a significant increase of 335% to Rs 600 per sq.ft in 2007. In 2012, the guideline value was revised to Rs 1,800 per sq.ft, reflecting a 200% increase from the previous revision. However, there was a decrease of 33% in 2017, bringing the value down to Rs 1,206 per sq.ft. The guideline value then increased by 49% to Rs 1,800 per sq.ft in 2023, before reaching the current figure of Rs 1,900 per sq.ft in 2024, which is a 6% increase from the previous year.

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 Senbagammal Street is below this median.

• Sengalvarayan Street: Rs 1,800 per sq.ft (2024)
• Selvavinayaga Koil Street: Rs 1,600 per sq.ft (2024)
• Seetharaman Street: Rs 1,600 per sq.ft (2024)
• Seethakathi Street: Rs 1,600 per sq.ft (2024)
• Seenivasa Nagar: Rs 1,100 per sq.ft (2024)
• Sathya Street(Ram Nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Senbagammal Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. 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 Senbagammal Street?

The Sub Registrar Office that covers Senbagammal 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 an essential factor during property registration in Oragadam. It determines the amount of stamp duty and registration fees that need to be paid when a property is bought or sold. The higher of the guideline value or the sale price is used to calculate these fees.

Understanding the guideline value is crucial for buyers and sellers as it impacts the overall cost of transactions. It ensures that the property is registered at a value recognized by the government, which can affect future transactions and legal processes.

Frequently asked questions

What is the current guideline value of Senbagammal Street?

The current guideline value of Senbagammal Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 128 per sq.ft in 2002 to Rs 1,900 per sq.ft in 2024, reflecting a significant overall increase of 1384% over the years.

What is the stamp duty rate for properties in Senbagammal Street?

The stamp duty rate for properties in Senbagammal Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Ambattur Sub Registrar Office located?

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

What is the median guideline value in Oragadam?

The median guideline value in Oragadam is Rs 2,200 per sq.ft for the year 2024, with Senbagammal Street's value being below this median.