Guideline Value for PoiyaMozhi vinayagar Street

PoiyaMozhi vinayagar Street guideline value

The current guideline value of PoiyaMozhi vinayagar Street is Rs 101 per sq.ft, effective from 1 July 2024. This street is located in Peranakavoor village and falls under the Salavakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of PoiyaMozhi vinayagar Street has changed

The guideline value for PoiyaMozhi vinayagar Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 60 per sq.ft. This value increased to Rs 40 per sq.ft in 2017, a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 150%, bringing it to Rs 100 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 101 per sq.ft, reflecting a 1% increase from the previous year.

It is important to note that there are no recorded figures for PoiyaMozhi vinayagar Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 68%.

Guideline values in Peranakavoor

In Peranakavoor, there are nine streets under the Salavakkam SRO that have a 2024 guideline value ranging from Rs 100 to Rs 102 per sq.ft. The median guideline value for these streets is Rs 100 per sq.ft, positioning PoiyaMozhi vinayagar Street above this median at Rs 101 per sq.ft.

• Peranakavur Palla colany: Rs 102 per sq.ft (2024)
• Peranakavur Mettu Colany: Rs 102 per sq.ft (2024)
• Nandeeswarar Green Land: Rs 100 per sq.ft (2024)
• Mariamman Koil Street: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue Part-I: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue Part-II: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in PoiyaMozhi vinayagar Street

For a 1,000 sq.ft plot at the current rate of Rs 101 per sq.ft, the guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, and the registration fee at 2% would be Rs 2,020, totaling Rs 9,090. It is important to 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 details.

Which Sub Registrar Office covers PoiyaMozhi vinayagar Street?

The Sub Registrar Office that covers PoiyaMozhi vinayagar Street is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Peranakavoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the government receives appropriate revenue from property transactions. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of PoiyaMozhi vinayagar Street?

The current guideline value of PoiyaMozhi vinayagar Street is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2012 to Rs 101 per sq.ft in 2024, reflecting an overall increase of 68% over this period.

What is the registration office for PoiyaMozhi vinayagar Street?

The Salavakkam Sub Registrar Office covers PoiyaMozhi vinayagar Street, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in the area is 7%, which is calculated based on the higher of the guideline value or the sale price.

Are there other streets with similar guideline values in Peranakavoor?

Yes, there are several other streets in Peranakavoor with guideline values ranging from Rs 100 to Rs 102 per sq.ft, with PoiyaMozhi vinayagar Street being at Rs 101 per sq.ft.