Guideline Value for Sakthi Vinayagar Street

Sakthi Vinayagar Street guideline value

The current guideline value of Sakthi Vinayagar Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village and falls under the Sunguvarchattram SRO, classified as Residential Special Type - II.

How the guideline value of Sakthi Vinayagar Street has changed

Over the years, the guideline value for Sakthi Vinayagar Street has seen several revisions. The most recent revision in 2024 maintains the value at Rs 700 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 700 per sq.ft, indicating a decrease of 33% from the 2012 figure to the 2017 figure. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 700 per sq.ft.

There are no recorded figures for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Molachoor

In Molachoor village, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Sakthi Vinayagar Street above this median with its 2024 figure of Rs 700 per sq.ft.

• Sakthi Nagar: Rs 605 per sq.ft (2024)
• Santha Nagar: Rs 600 per sq.ft (2024)
• Santha Nagar Extension: Rs 1,000 per sq.ft (2024)
• Sagaya Annai Nagar -I: Rs 600 per sq.ft (2024)
• SaraCisilia Avenue: Rs 605 per sq.ft (2024)
• Sathya Nagar: Rs 605 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Vinayagar Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Vinayagar Street?

The Sub Registrar Office that covers Sakthi Vinayagar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Molachoor. It serves as a reference point for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the necessary fees. This ensures that transactions are documented accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Sakthi Vinayagar Street?

The current guideline value of Sakthi Vinayagar Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft in the 2023 and 2024 revisions. It increased from Rs 469 per sq.ft in 2017, while it was also Rs 700 per sq.ft in 2012.

What are the guideline values of other streets in Molachoor?

Other streets in Molachoor have varying guideline values, with rates ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 700 per sq.ft, the total fees would be Rs 63,000.

Which Sub Registrar Office should I visit for transactions in Molachoor?

The Sunguvarchattram Sub Registrar Office is responsible for property transactions in Molachoor. It is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.