Guideline Value for Sundara Vinayagar Koil Street

Sundara Vinayagar Koil Street guideline value

The current guideline value of Sundara Vinayagar Koil Street is Rs 830 per sq.ft, effective from 1 July 2024. This street is located in Padappai village and falls under the Padappai SRO, classified as Residential Class III Type - I.

How the guideline value of Sundara Vinayagar Koil Street has changed

The guideline value for Sundara Vinayagar Koil Street has seen several revisions over the years. In 2003, the guideline value was Rs 30 per sq.ft, which increased significantly to Rs 85 per sq.ft in 2007. The value then rose dramatically to Rs 750 per sq.ft in 2012, before dropping to Rs 502 per sq.ft in 2017. The most recent revision in 2023 set the value at Rs 750 per sq.ft, which has now increased to Rs 830 per sq.ft in 2024, marking an 11% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2667%. The register has no figure for the year 2002 for this street.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 4,000 per sq.ft, with the median value being Rs 830 per sq.ft. Sundara Vinayagar Koil Street's 2024 figure is equal to this median value.

• Sundar Nagar: Rs 830 per sq.ft (2024)
• Sumathi Nagar S.No.320/4, 4a(Part): Rs 830 per sq.ft (2024)
• Sumathi Nagar: Rs 830 per sq.ft (2024)
• Sugh Dev Residency: Rs 3,000 per sq.ft (2024)
• St Nagar: Rs 1,330 per sq.ft (2024)
• StepStone: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, resulting in a total of Rs 74,700. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundara Vinayagar Koil Street?

The Sub Registrar Office that covers Sundara Vinayagar Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Padappai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property, the transaction must be registered at the local Sub Registrar Office, and the applicable fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives due revenue from property transactions.

Frequently asked questions

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

The current guideline value of Sundara Vinayagar Koil Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 30 per sq.ft in 2003 to Rs 830 per sq.ft in 2024, marking an overall increase of 2667% over this period.

What is the stamp duty rate applicable in Padappai?

The stamp duty rate applicable in Padappai is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sundara Vinayagar Koil Street?

The Sub Registrar Office for Sundara Vinayagar Koil Street is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the median guideline value for streets in Padappai?

The median guideline value for streets in Padappai is Rs 830 per sq.ft, which is also the current guideline value for Sundara Vinayagar Koil Street.