Guideline Value for Sakthi Vinayagar Koil Street

Sakthi Vinayagar Koil Street guideline value

The current guideline value of Sakthi Vinayagar Koil Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kazhikundram village, under the Adayar SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sakthi Vinayagar Koil Street has changed

The guideline value for Sakthi Vinayagar Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in 2017. In 2023, the value increased to Rs 3,500 per sq.ft, and the current value is Rs 3,900 per sq.ft as of the 2024 revision.

From 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 represents an 11% increase. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kazhikundram

Kazhikundram village has a total of 68 streets under the Adayar SRO, with guideline values ranging from Rs 2,800 to Rs 12,700 per sq.ft as of 2024. The median value for these streets is Rs 6,600 per sq.ft, indicating that the guideline value for Sakthi Vinayagar Koil Street is below this median.

• Pillaiyar Koil Street: Rs 6,600 per sq.ft (2024)
• Thiruveedhiamman Koil Street: Rs 3,900 per sq.ft (2024)
• Muthulakshmi Salai (L.B. Road): Rs 12,700 per sq.ft (2024)
• Kazhikundram Slum Residents: Rs 3,900 per sq.ft (2024)
• Kazhikundram 8th Street: Rs 3,900 per sq.ft (2024)
• Kazhikundram 7th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Vinayagar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Vinayagar Koil Street?

The Sub Registrar Office that covers Sakthi Vinayagar Koil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kazhikundram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Sakthi Vinayagar Koil Street?

The current guideline value of Sakthi Vinayagar Koil Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, representing an 11% increase. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What are the other streets in Kazhikundram with their guideline values?

Other streets in Kazhikundram include Pillaiyar Koil Street at Rs 6,600 per sq.ft, Thiruveedhiamman Koil Street at Rs 3,900 per sq.ft, and Muthulakshmi Salai (L.B. Road) at Rs 12,700 per sq.ft, among others.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000.