Guideline Value for Srinivasa Perumal Street (S.V.Nagar)

Srinivasa Perumal Street (S.V.Nagar) guideline value

The current guideline value of Srinivasa Perumal Street (S.V.Nagar) 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 Srinivasa Perumal Street (S.V.Nagar) has changed

The guideline value for Srinivasa Perumal Street (S.V.Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rebounded to Rs 1,500 per sq.ft in the 2023 revision, and further increased to Rs 1,600 per sq.ft in the 2024 revision, reflecting a 7% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 7%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

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. The guideline value of Srinivasa Perumal Street (S.V.Nagar) is below this median.

• Srinivasan Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Sri lakshmi Nagar: Rs 1,400 per sq.ft (2024)
• S.S.Koil Street: Rs 1,600 per sq.ft (2024)
• Subash Chandrabose Street: Rs 2,200 per sq.ft (2024)
• Subramaniar Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Subramani Street (V.L.Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Perumal Street (S.V.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, while 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 and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Perumal Street (S.V.Nagar)?

The Sub Registrar Office that covers Srinivasa Perumal Street (S.V.Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Oragadam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps to determine the official value of the property for legal and taxation purposes. This value must be adhered to during the registration process to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Srinivasa Perumal Street (S.V.Nagar)?

The current guideline value of Srinivasa Perumal Street (S.V.Nagar) 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 from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,600 per sq.ft in 2024.

What is the classification of land on Srinivasa Perumal Street (S.V.Nagar)?

Srinivasa Perumal Street (S.V.Nagar) is classified as Residential Class II Type - I, indicating its use for residential purposes.

What are the stamp duty and registration fees for properties 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.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Srinivasa Perumal Street (S.V.Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.