Guideline Value for Sir.C.V.Raman Street

Sir.C.V.Raman Street guideline value

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

How the guideline value of Sir.C.V.Raman Street has changed

The guideline value for Sir.C.V.Raman Street has seen several revisions since 2002. The earliest recorded figure in the register is from 2002, at Rs 152 per sq.ft. This value increased to Rs 164 per sq.ft in 2003, marking an 8% rise. The rate then saw a significant increase to Rs 500 per sq.ft in 2007, which is a 205% change. Following that, the value reached Rs 1,500 per sq.ft in 2012, reflecting a 200% increase from the previous revision. However, it dropped to Rs 1,005 per sq.ft in 2017, which is a decrease of 33% from 2012.

In the subsequent revisions, the guideline value rose to Rs 1,500 per sq.ft in 2023, showing a 49% increase from 2017. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, which is a 7% increase from the previous year. The overall change from 2002 to 2024 is a substantial increase of 953%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have 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. Sir.C.V.Raman Street's current guideline value is below this median.

• Singaram Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Singaram Pillai Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Sivaji Ganesan Street (S.V. Nagar): Rs 1,600 per sq.ft (2024)
• Sivankoil Street: Rs 1,600 per sq.ft (2024)
• Sivaraj Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Sivaraman Street (Ram Nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sir.C.V.Raman Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to 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, bringing the total to Rs 1,44,000. 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 further assistance.

Which Sub Registrar Office covers Sir.C.V.Raman Street?

The Sub Registrar Office that covers Sir.C.V.Raman 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 registering property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware that the guideline value is used to calculate these fees, ensuring that the transaction is compliant with local regulations.

When you buy or sell property in Oragadam, the registration office will refer to the guideline value to assess the applicable charges. It is essential to consult the current guideline value to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Sir.C.V.Raman Street?

The current guideline value of Sir.C.V.Raman 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 152 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 953% over the years.

What is the classification of land on Sir.C.V.Raman Street?

Sir.C.V.Raman Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles the registration for Sir.C.V.Raman Street?

The Ambattur Sub Registrar Office handles the registration for Sir.C.V.Raman Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.