Guideline Value for Thayar Ammal Street (A.K.A.Nagar)

Thayar Ammal Street (A.K.A.Nagar) guideline value

The current guideline value of Thayar Ammal 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 Thayar Ammal Street (A.K.A.Nagar) has changed

Over the years, the guideline value of Thayar Ammal Street (A.K.A.Nagar) has seen significant changes. The earliest recorded revision is from 2007, where the guideline value was Rs 300 per sq.ft. This increased to Rs 1,300 per sq.ft in 2012, marking a substantial rise of 333%. However, from 2012 to 2017, the value decreased to Rs 871 per sq.ft, a decline of 33%. The value then increased to Rs 1,300 per sq.ft in 2023, followed by a rise to the current value of Rs 1,400 per sq.ft in 2024, reflecting an 8% increase.

The guideline value has seen a total increase of 367% from 2007 to 2024. The revisions for the years 2002 and 2003 do not have figures recorded for this street in the register.

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. Thayar Ammal Street's current guideline value of Rs 1,400 per sq.ft is below this median.

• Thanthai Periyar 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 Thayar Ammal 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 at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, making the total fees 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.

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

Which Sub Registrar Office covers Thayar Ammal Street (A.K.A.Nagar)?

The Sub Registrar Office that covers Thayar Ammal 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Oragadam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value is considered to determine the applicable charges. It is essential for buyers and sellers to be aware of this value to accurately estimate the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Thayar Ammal Street (A.K.A.Nagar)?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, representing an overall increase of 367%.

What is the land classification for Thayar Ammal Street (A.K.A.Nagar)?

The land classification for Thayar Ammal Street (A.K.A.Nagar) is Residential Class III Type - I.

Which Sub Registrar Office is responsible for Thayar Ammal Street (A.K.A.Nagar)?

The Ambattur Sub Registrar Office is responsible for Thayar Ammal Street (A.K.A.Nagar), 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 Thayar Ammal Street (A.K.A.Nagar)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 at 7%.