Guideline Value for Thiru mangai mannan Street (Venkateswara nagar)

Thiru mangai mannan Street (Venkateswara nagar) guideline value

The current guideline value of Thiru mangai mannan Street (Venkateswara nagar) is Rs 1,600 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 II Type - I.

How the guideline value of Thiru mangai mannan Street (Venkateswara nagar) has changed

The guideline value for Thiru mangai mannan Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, in the 2017 revision, it dropped to Rs 1,005 per sq.ft, before rising again to Rs 1,500 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 220%. The register has no figures for the years 2002 and 2003 regarding 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. Thiru mangai mannan Street's 2024 value is below this median.

• Thirumangaiyazhvar Street: Rs 1,600 per sq.ft (2024)
• Thirumoorthy Street: Rs 2,400 per sq.ft (2024)
• Thirumalai Street: Rs 1,600 per sq.ft (2024)
• Thirumalai piriya Nagar: Rs 1,900 per sq.ft (2024)
• Thirumalai Main Street: Rs 1,600 per sq.ft (2024)
• Thiruthanigai Nagar: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru mangai mannan Street (Venkateswara nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be 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 the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiru mangai mannan Street (Venkateswara nagar)?

The Sub Registrar Office that covers Thiru mangai mannan Street (Venkateswara 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Oragadam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps in assessing the legal documentation and the applicable fees. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiru mangai mannan Street?

The current guideline value of Thiru mangai mannan Street (Venkateswara nagar) 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 500 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 220% over the years.

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

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Thiru mangai mannan Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Thiru mangai mannan Street?

The land classification for Thiru mangai mannan Street (Venkateswara nagar) is Residential Class II Type - I.