Guideline Value for Thiruvalluvar Street(Ram Nagar)

Thiruvalluvar Street(Ram Nagar) guideline value

The current guideline value of Thiruvalluvar Street(Ram Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Thiruvalluvar Street(Ram Nagar) has changed

Over the years, the guideline value for Thiruvalluvar Street(Ram Nagar) has seen significant changes. In the 2007 revision, the guideline value was Rs 600 per sq.ft, which increased dramatically to Rs 2,200 per sq.ft in 2012. However, it then decreased to Rs 1,474 per sq.ft in 2017. The 2023 revision marked a return to an upward trend, with the value rising to Rs 2,200 per sq.ft, followed by the current value of Rs 2,400 per sq.ft in 2024, reflecting a 9% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Thiruvalluvar Street(Ram Nagar) above this median value.

• Thiruvalluvar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Thiruvalluvar Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Thiruvalluvar Street (Banu Nagar West): Rs 2,200 per sq.ft (2024)
• Thiruvengadam Pillai Street(V.L.Puram): Rs 2,400 per sq.ft (2024)
• Thiruvengadam Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street(Ram Nagar)

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 fees to Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Street(Ram Nagar)?

The Sub Registrar Office covering Thiruvalluvar Street(Ram 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 more information.

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

The guideline value is a crucial factor in property transactions in Oragadam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall costs associated with property registration. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street(Ram Nagar)?

The current guideline value of Thiruvalluvar Street(Ram Nagar) 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 from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 300% over the years.

What is the classification of Thiruvalluvar Street(Ram Nagar)?

Thiruvalluvar Street(Ram Nagar) is classified as Residential Special Type - I under the Ambattur SRO.

What are the stamp duty and registration fees for properties on this street?

For a property valued at the current guideline of Rs 2,400 per sq.ft, the total stamp duty and registration fees can amount to Rs 2,16,000 for a 1,000 sq.ft plot.

Where is the Sub Registrar Office for Thiruvalluvar Street(Ram Nagar)?

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