Guideline Value for Thirumangaiyazhvar Street

Thirumangaiyazhvar Street guideline value

The current guideline value of Thirumangaiyazhvar Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Thirumangaiyazhvar Street has changed

The guideline value for Thirumangaiyazhvar Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,500 per sq.ft. In 2017, this value decreased to Rs 1,005 per sq.ft, marking a decline of 33%. The 2023 revision saw a significant increase to Rs 1,500 per sq.ft, followed by another increase to Rs 1,600 per sq.ft in the 2024 revision, representing a 7% rise.

Between 2012 and 2024, the overall change in guideline value is an increase of 7%. The 2023 to 2024 revision reflects a 7% increase as well. The register has no figures for the years 2002, 2003, and 2007 for this street.

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. Thirumangaiyazhvar Street's 2024 figure is below that median.

• Thiru mangai mannan Street (Venkateswara nagar): 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 Thirumangaiyazhvar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value would be 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, totaling Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumangaiyazhvar Street?

The Sub Registrar Office that covers Thirumangaiyazhvar 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 during property registration in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate the applicable fees and taxes, which must be paid at the time of registration to complete the transaction legally.

Frequently asked questions

What is the current guideline value of Thirumangaiyazhvar Street?

The current guideline value of Thirumangaiyazhvar Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 7% over this period.

What is the land classification for Thirumangaiyazhvar Street?

Thirumangaiyazhvar Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

What is the stamp duty rate for property in Thirumangaiyazhvar Street?

The stamp duty rate for property in Thirumangaiyazhvar Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Thirumangaiyazhvar Street located?

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