Guideline Value for Varatharajan Street (Pudur)

Varatharajan Street (Pudur) guideline value

The current guideline value of Varatharajan Street (Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO and is classified as Residential Class I Type - I.

How the guideline value of Varatharajan Street (Pudur) has changed

The guideline value for Varatharajan Street (Pudur) has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,206 per sq.ft. The value remained at Rs 1,800 per sq.ft in the 2023 revision, and then increased by 6% to Rs 1,900 per sq.ft in the 2024 revision.

Notably, the register has no figures for the years 2002, 2003, and 2007. From the 2012 revision to the 2024 revision, the overall change has been an increase of 6%, reflecting the value's rise from Rs 1,800 to Rs 1,900 per sq.ft.

Guideline values in Oragadam

In Oragadam, 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. Varatharajan Street (Pudur) has a 2024 guideline value that is below this median.

• Varalakshmi Street(Banu Nagar): Rs 2,200 per sq.ft (2024)
• Varalakshmi Street: Rs 2,200 per sq.ft (2024)
• Varalakshmiamman Street: Rs 2,200 per sq.ft (2024)
• Vasantha Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Vasuki Ammai Street (Gandhi Nagar): Rs 1,900 per sq.ft (2024)
• Valluvar Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Varatharajan Street (Pudur)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, making the total fees Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Varatharajan Street (Pudur)?

The Sub Registrar Office that covers Varatharajan Street (Pudur) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Oragadam, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guideline value is set by the Registration Department and is intended to reflect the value of the property for taxation purposes. Buyers and sellers must ensure that the transaction is registered at the guideline value or the sale price, whichever is higher, to comply with legal requirements.

Frequently asked questions

What is the current guideline value of Varatharajan Street (Pudur)?

The current guideline value of Varatharajan Street (Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024, a 6% increase. It was Rs 1,206 per sq.ft in 2017 and Rs 1,800 per sq.ft in 2012, reflecting a 49% increase from 2017 to 2023.

What is the land classification for Varatharajan Street (Pudur)?

Varatharajan Street (Pudur) is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Varatharajan Street (Pudur)?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Varatharajan Street (Pudur)?

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