Guideline Value for Vageeswari amman (koil) Street V.L.Puram

Vageeswari amman (koil) Street V.L.Puram guideline value

The current guideline value of Vageeswari amman (koil) Street V.L.Puram 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 Vageeswari amman (koil) Street V.L.Puram has changed

The guideline value for Vageeswari amman (koil) Street V.L.Puram has seen several revisions over the years. In 2012, the guideline value was Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,400 per sq.ft as of the 2024 revision.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value rose by 49%. The change from 2023 to 2024 reflects an increase of 9%. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, making the current value of Vageeswari amman (koil) Street V.L.Puram above the median.

• 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)
• Valarmathi Street: Rs 1,600 per sq.ft (2024)
• Vallalar Street (Viyalakshmipuram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Vageeswari amman (koil) 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. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vageeswari amman (koil) Street V.L.Puram?

The Sub Registrar Office that covers Vageeswari amman (koil) Street V.L.Puram 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, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration process will involve fees based on the guideline value.

When a property is sold, the registration office will assess the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the government receives its due revenue based on the property's established value in the guideline register.

Frequently asked questions

What is the current guideline value of Vageeswari amman (koil) Street V.L.Puram?

The current guideline value of Vageeswari amman (koil) 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 several times, starting from Rs 2,200 per sq.ft in 2012, decreasing to Rs 1,474 per sq.ft in 2017, then increasing to Rs 2,200 per sq.ft in 2023, and finally reaching Rs 2,400 per sq.ft in 2024.

What is the land classification for Vageeswari amman (koil) Street V.L.Puram?

The land classification for Vageeswari amman (koil) Street V.L.Puram is Residential Special Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000, and the registration fee would be Rs 48,000, totaling Rs 2,16,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for Vageeswari amman (koil) Street V.L.Puram is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.