Guideline Value for Thanthai Periyar Street (A.K.A.Nagar)

Thanthai Periyar Street (A.K.A.Nagar) guideline value

The current guideline value of Thanthai Periyar Street (A.K.A.Nagar) is Rs 1,400 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 Class III Type - I.

How the guideline value of Thanthai Periyar Street (A.K.A.Nagar) has changed

The guideline value for Thanthai Periyar Street (A.K.A.Nagar) has undergone several revisions over the years. In 2012, the value was Rs 1,300 per sq.ft. This figure remained until the next revision in 2017, where it dropped to Rs 871 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,300 per sq.ft. The latest revision in 2024 has seen the guideline value rise to Rs 1,400 per sq.ft, reflecting an 8% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Oragadam

Oragadam village has a total of 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means that Thanthai Periyar Street's current value is below that median.

• Thayar Ammal Street (A.K.A.Nagar): Rs 1,400 per sq.ft (2024)
• ThenPalaniandavar Street: Rs 1,900 per sq.ft (2024)
• Thesu pillai Street: Rs 1,600 per sq.ft (2024)
• Thilagar Cross Street: Rs 1,400 per sq.ft (2024)
• Thilagar Street (A.K.A. nagar): Rs 1,400 per sq.ft (2024)
• Thirumalai Main Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thanthai Periyar Street (A.K.A.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty is charged at 7%, which totals Rs 98,000, and the registration fee is charged at 2%, amounting to Rs 28,000. Together, these fees total Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanthai Periyar Street (A.K.A.Nagar)?

The Sub Registrar Office that covers Thanthai Periyar Street (A.K.A.Nagar) 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 buying or selling property in Oragadam. It is used to determine the stamp duty and registration fees, which are mandatory during the registration process. Buyers and sellers must be aware of the current guideline value to ensure accurate calculations of these fees.

Additionally, the guideline value helps in establishing a baseline for property transactions, ensuring that both parties are aware of the minimum value set by the government for the property in question. This transparency aids in smoother transactions and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Thanthai Periyar Street (A.K.A.Nagar)?

The current guideline value of Thanthai Periyar Street (A.K.A.Nagar) is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then back to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,400 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 8%.

What is the land classification for Thanthai Periyar Street (A.K.A.Nagar)?

Thanthai Periyar Street (A.K.A.Nagar) is classified as Residential Class III Type - I. This classification indicates the type of development permissible in the area.

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

For a property valued at Rs 14,00,000, the stamp duty is Rs 98,000 and the registration fee is Rs 28,000, totaling Rs 1,26,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Thanthai Periyar Street (A.K.A.Nagar)?

The Sub Registrar Office for Thanthai Periyar Street (A.K.A.Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.