Guideline Value for Thilagar Cross Street

Thilagar Cross Street guideline value

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

How the guideline value of Thilagar Cross Street has changed

The guideline value for Thilagar Cross Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 300 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in the 2012 revision, marking a rise of 333%. However, in the 2017 revision, the value decreased to Rs 871 per sq.ft, a decline of 33%. The 2023 revision saw a substantial increase to Rs 1,300 per sq.ft, and the latest revision in 2024 raised it to Rs 1,400 per sq.ft, reflecting an increase of 8%.

Overall, from 2007 to 2024, the guideline value has increased by 367%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, indicating that the guideline value of Thilagar Cross Street is below this median.

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

Stamp duty and registration fee for property in Thilagar Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, totaling 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thilagar Cross Street?

The Sub Registrar Office that covers Thilagar Cross 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 determining the stamp duty and registration fees when buying or selling property in Oragadam. It serves as a baseline for calculating the costs associated with property transactions, ensuring that the government receives appropriate revenue from these transactions.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thilagar Cross Street?

The current guideline value of Thilagar Cross Street 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 300 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 367% over this period.

What is the land classification of Thilagar Cross Street?

Thilagar Cross Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft plot at the current guideline value, the total registration costs would be Rs 1,26,000, including stamp duty and registration fees.

Which office handles registrations for Thilagar Cross Street?

The Ambattur Sub Registrar Office handles registrations for Thilagar Cross Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.