Guideline Value for Thiruvengadam Pillai Street(V.L.Puram)

Thiruvengadam Pillai Street(V.L.Puram) guideline value

The current guideline value of Thiruvengadam Pillai Street (V.L.Puram) is Rs 2,400 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 Special Type - I.

How the guideline value of Thiruvengadam Pillai Street(V.L.Puram) has changed

The guideline value for Thiruvengadam Pillai Street (V.L.Puram) has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012, marking a 267% rise. However, it dropped to Rs 1,474 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 2,200 per sq.ft in 2023, followed by a further increase to Rs 2,400 per sq.ft in 2024, which is a 9% change from the previous year.

The overall change from 2007 to 2024 reflects a substantial increase of 300%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value 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 Thiruvengadam Pillai Street (V.L.Puram) above this median.

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

Stamp duty and registration fee for property in Thiruvengadam Pillai Street(V.L.Puram)

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, totaling Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruvengadam Pillai Street(V.L.Puram)?

The Sub Registrar Office that covers Thiruvengadam Pillai Street (V.L.Puram) is the Ambattur Sub Registrar Office. The address is 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 the registration of property transactions in Oragadam. It is used to determine the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the guideline value serves as a benchmark for calculating these fees, ensuring that they are based on the official valuation of the property rather than the sale price alone.

Frequently asked questions

What is the current guideline value of Thiruvengadam Pillai Street (V.L.Puram)?

The current guideline value of Thiruvengadam Pillai Street (V.L.Puram) 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, reflecting an overall increase of 300% over the years.

What are the other streets in Oragadam with their guideline values?

Other streets in Oragadam include Thiruvengadam Street (Gandhi Nagar) at Rs 1,800 per sq.ft, Thiruvalluvar Street (V.L.Puram) at Rs 2,400 per sq.ft, and Thiruvalluvar Street (Venkateswara Nagar) at Rs 1,600 per sq.ft, among others.

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

The Ambattur Sub Registrar Office covers Thiruvengadam Pillai Street (V.L.Puram). The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Thiruvengadam Pillai Street (V.L.Puram)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at 7%.