Guideline Value for Ulagathamman Koil Street

Ulagathamman Koil Street guideline value

The current guideline value of Ulagathamman Koil Street is Rs 1,800 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 Class I Type - II.

How the guideline value of Ulagathamman Koil Street has changed

Over the years, the guideline value of Ulagathamman Koil Street has seen significant changes. The 2007 revision set the value at Rs 500 per sq.ft, which increased dramatically to Rs 1,700 per sq.ft in 2012, marking a rise of 240%. However, from 2012 to 2017, the value decreased to Rs 1,139 per sq.ft, a drop of 33%. The next revision in 2023 set the value at Rs 1,700 per sq.ft, which was a substantial increase of 49% from the previous figure. The latest revision in 2024 has further raised the value to Rs 1,800 per sq.ft, reflecting a 6% increase from 2023.

It is important to note that there are no figures available for Ulagathamman Koil Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has risen by 260%.

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, with a median value of Rs 2,200 per sq.ft. Ulagathamman Koil Street's 2024 guideline value of Rs 1,800 per sq.ft is below this median.

• T.V.K . Street(Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Vageeswari amman (koil) Street V.L.Puram: Rs 2,400 per sq.ft (2024)
• Vaikundam Street: Rs 1,600 per sq.ft (2024)
• Vairakulam Street: Rs 1,600 per sq.ft (2024)
• Vairam Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Valarmathi Nagar: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ulagathamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total to Rs 1,62,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ulagathamman Koil Street?

The Sub Registrar Office that covers Ulagathamman Koil 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 plays a crucial role in the registration process of property transactions in Oragadam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a fair benchmark for the transaction price. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Ulagathamman Koil Street?

The current guideline value of Ulagathamman Koil Street is Rs 1,800 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 500 per sq.ft in 2007 to Rs 1,800 per sq.ft in 2024, reflecting an overall increase of 260% over the years.

What is the land classification for Ulagathamman Koil Street?

The land classification for Ulagathamman Koil Street is Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Ulagathamman Koil Street?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 18,00,000, the stamp duty at 7% would be Rs 1,26,000.