Guideline Value for ThenPalaniandavar Street

ThenPalaniandavar Street guideline value

The current guideline value of ThenPalaniandavar Street is Rs 1,900 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 I Type - I.

How the guideline value of ThenPalaniandavar Street has changed

In the 2007 revision, the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in the 2012 revision, marking a 200% rise. However, in the 2017 revision, the value decreased to Rs 1,206 per sq.ft, representing a decline of 33%. The value then rose to Rs 1,800 per sq.ft in the 2023 revision, showing a 49% increase.

The most recent revision in 2024 set the guideline value at Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year. The register has no figures for the years 2002 and 2003 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. ThenPalaniandavar Street's 2024 guideline value is below this median.

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

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers ThenPalaniandavar Street?

The Sub Registrar Office covering ThenPalaniandavar 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 an essential factor when registering property in Oragadam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When a property is sold, the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of ThenPalaniandavar Street?

The current guideline value of ThenPalaniandavar Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 600 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 217% over the years.

What is the land classification for ThenPalaniandavar Street?

ThenPalaniandavar Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

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

The Sub Registrar Office for ThenPalaniandavar 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 are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 19,00,000, the total fees would amount to Rs 1,71,000.