Guideline Value for Sundaram Street

Sundaram Street guideline value

The current guideline value of Sundaram Street in Oragadam village is Rs 2,400 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur SRO and is classified as Residential Special Type - I.

How the guideline value of Sundaram Street has changed

The guideline value for Sundaram Street has seen several revisions over the years. In 2003, the value was Rs 110 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007. The value then jumped to Rs 2,200 per sq.ft in 2012, but decreased to Rs 1,474 per sq.ft in 2017. Following this, the value rose to Rs 2,200 per sq.ft in 2023, and finally reached Rs 2,400 per sq.ft in 2024, marking a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2082%. Notably, there is no figure available for the year 2002 in the register for this street.

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. Sundaram Street's 2024 figure is above this median.

• Sundharanar Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Subramani Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Subramaniar Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• S.V.Koil Street: Rs 1,600 per sq.ft (2024)
• Tagore Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Tagore Street (Vijayalakshmipuram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sundaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000 and the registration fee at 2% would be Rs 48,000, totaling 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 details.

Which Sub Registrar Office covers Sundaram Street?

The Sub Registrar Office that covers Sundaram 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 in property transactions in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid when registering a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price. Conversely, if the sale price is lower, the duty is charged on the guideline value.

Frequently asked questions

What is the current guideline value of Sundaram Street?

The current guideline value of Sundaram Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 110 per sq.ft in 2003 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 2082% over the years.

What is the land classification for Sundaram Street?

Sundaram Street is classified as Residential Special Type - I under the current land classification.

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

The Sub Registrar Office for Sundaram 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 the stamp duty calculated for properties in Sundaram Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at 7%.