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Guideline Value

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Guideline Value for Thomas Street(A.K.A. Nagar)

₹1400/sq.ft.

The guideline value for Thomas Street(a.k.a. Nagar) in Oragadam village (Ambattur SRO, Chennai zone) is Rs 1400 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Oragadam

Village

Ambattur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1400 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thomas Street(a.k.a. Nagar)

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Thomas Street(A.K.A. Nagar) guideline value

The current guideline value of Thomas Street (A.K.A. Nagar) is Rs 1,400 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Thomas Street(A.K.A. Nagar) has changed

The guideline value for Thomas Street (A.K.A. Nagar) has seen significant changes over the years. In the 2007 revision, the value was Rs 300 per sq.ft, which increased dramatically to Rs 1,300 per sq.ft in 2012. However, it then decreased to Rs 871 per sq.ft in the 2017 revision. The 2023 revision set the value at Rs 1,300 per sq.ft, which was then raised to Rs 1,400 per sq.ft in the 2024 revision, marking an increase of 8% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 367%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Oragadam

In Oragadam village, 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 value for these streets is Rs 2,200 per sq.ft, placing Thomas Street (A.K.A. Nagar) below this median.

Stamp duty and registration fee for property in Thomas Street(A.K.A. Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,400 per sq.ft, the guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Thomas Street(A.K.A. Nagar)?

The Sub Registrar Office that covers Thomas Street (A.K.A. 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 the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to calculate the stamp duty. This ensures that the registration fees reflect the current market conditions and property values, maintaining a fair system for property transactions.

Frequently asked questions

What is the current guideline value of Thomas Street (A.K.A. Nagar)?

The current guideline value of Thomas Street (A.K.A. Nagar) is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, showing an overall increase of 367% over the years.

What is the land classification of Thomas Street (A.K.A. Nagar)?

Thomas Street (A.K.A. Nagar) is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for properties in Thomas Street (A.K.A. Nagar)?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,26,000, based on the current guideline value of Rs 14,00,000.

Which office handles the registration for Thomas Street (A.K.A. Nagar)?

The Ambattur Sub Registrar Office handles the registration for Thomas Street (A.K.A. Nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.