Guideline Value for Viyasar Street

Viyasar Street guideline value

The current guideline value of Viyasar Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Viyasar Street has changed

The guideline value for Viyasar Street has seen several revisions over the years. In the 2007 revision, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in the 2012 revision. However, there was a decrease to Rs 1,474 per sq.ft in the 2017 revision. The 2023 revision marked an increase to Rs 2,200 per sq.ft, followed by the current 2024 revision, which set the value at Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 300%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

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 in this area is Rs 2,200 per sq.ft, placing Viyasar Street's 2024 figure above that median.

• V.K.Menon Street: Rs 2,400 per sq.ft (2024)
• Vivekanantha Street(V.L.Puram): Rs 2,400 per sq.ft (2024)
• Vivekanantha Street(Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Vivekanandha Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Vishwanathan Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• V.O.C.Street (A.K.A.Nagar): Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Viyasar Street

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, bringing the total fees to Rs 2,16,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Viyasar Street?

The Viyasar Street area is covered by 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 when buying or selling property in Oragadam. It is used to assess the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Viyasar Street?

The current guideline value of Viyasar Street 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, marking an overall increase of 300% over the years.

What are the stamp duty and registration fees for property in Viyasar Street?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 24,00,000, the total fees would amount to Rs 2,16,000.

Which Sub Registrar Office covers Viyasar Street?

The Ambattur Sub Registrar Office covers Viyasar Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value in Oragadam?

The median guideline value in Oragadam is Rs 2,200 per sq.ft, with Viyasar Street's current value above this median at Rs 2,400 per sq.ft.