Guideline Value for oragadam Road Cross Salai

oragadam Road Cross Salai guideline value

The current guideline value for Oragadam Road Cross Salai 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 oragadam Road Cross Salai has changed

The guideline value for Oragadam Road Cross Salai has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, there was a decrease to Rs 1,474 per sq.ft in 2017. The value then rose to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,400 per sq.ft from the 2024 revision. The changes between these revisions include a 267% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 9% increase from 2023 to 2024.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

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. The guideline value for Oragadam Road Cross Salai is above this median.

• Oragadam Road: Rs 2,500 per sq.ft (2024)
• Othavadai Street: Rs 1,600 per sq.ft (2024)
• Om sakthi Nagar: Rs 1,400 per sq.ft (2024)
• Pachaiammal Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Pachai Amman Koil Street: Rs 1,600 per sq.ft (2024)
• Pachaiappan Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in oragadam Road Cross Salai

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 the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers oragadam Road Cross Salai?

The Sub Registrar Office that covers Oragadam Road Cross Salai 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 when registering a property in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for oragadam Road Cross Salai?

The current guideline value for Oragadam Road Cross Salai 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, reflecting a 300% increase over the years. Significant changes include a rise from Rs 1,474 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2023, and then to Rs 2,400 per sq.ft in 2024.

What is the land classification for oragadam Road Cross Salai?

The land classification for Oragadam Road Cross Salai is Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is 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 in oragadam Road Cross Salai?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 24,00,000, the stamp duty at 7% would be Rs 1,68,000.