Guideline Value for Thesu pillai Street

Thesu pillai Street guideline value

The current guideline value of Thesu pillai Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Thesu pillai Street has changed

The guideline value for Thesu pillai Street has undergone several revisions over the years. In 2002, the guideline value was Rs 166 per sq.ft. This increased to Rs 179 per sq.ft in 2003, marking an 8% rise. The value then saw a significant increase to Rs 500 per sq.ft in 2007, which was a 179% jump. Following this, the value surged to Rs 1,500 per sq.ft in 2012, reflecting a 200% increase. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a decline of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 1,600 per sq.ft, which is a 7% increase from the previous year.

There are no figures available for the revisions in years other than those listed above. Overall, from 2002 to 2024, the guideline value has increased by 864%.

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. Thesu pillai Street's 2024 guideline value is below this median.

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

Stamp duty and registration fee for property in Thesu pillai Street

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, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thesu pillai Street?

The Sub Registrar Office that covers Thesu pillai 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 when registering property transactions in Oragadam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for legal property transfers. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When a property is sold, the registration office uses the guideline value to determine the applicable fees. This ensures that all property transactions are recorded accurately and that the necessary taxes are collected based on the established guideline values.

Frequently asked questions

What is the current guideline value of Thesu pillai Street?

The current guideline value of Thesu pillai Street 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 166 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 864% over the years.

What is the land classification for Thesu pillai Street?

Thesu pillai Street is classified as Residential Class II Type - I.

Where can I find the registration office for Thesu pillai Street?

The registration office for Thesu pillai 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 stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.