Guideline Value for Thirumoorthy Street

Thirumoorthy Street guideline value

The current guideline value of Thirumoorthy Street, located in Oragadam village under the Ambattur SRO, is Rs 2,400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Thirumoorthy Street has changed

The guideline value for Thirumoorthy Street has seen several revisions over the years. In 2002, the value was Rs 134 per sq.ft, which increased to Rs 144 per sq.ft in 2003. Following this, the value rose significantly by 317% to Rs 600 per sq.ft in 2007. The next revision in 2012 saw a decrease of 33%, bringing the value down to Rs 2,200 per sq.ft. In 2017, the value increased by 49% to Rs 1,474 per sq.ft, and in 2023, it was revised to Rs 2,200 per sq.ft. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

There are no figures available for the revisions in years other than those listed. The overall change from 2002 to 2024 reflects a substantial increase of 1691% in the guideline value.

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. The median guideline value in this area is Rs 2,200 per sq.ft, placing Thirumoorthy Street's 2024 figure above that median.

• Thirumangaiyazhvar Street: Rs 1,600 per sq.ft (2024)
• Thiru mangai mannan Street (Venkateswara nagar): Rs 1,600 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 Thirumoorthy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. 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 Thirumoorthy Street?

The Sub Registrar Office that covers Thirumoorthy 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 a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When a property is bought or sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thirumoorthy Street?

The current guideline value of Thirumoorthy Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 134 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 1691%.

What is the land classification for Thirumoorthy Street?

The land classification for Thirumoorthy Street is Residential Special Type - I.

What is the stamp duty rate applicable in Thirumoorthy Street?

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

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

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