Guideline Value for Sundara Vinayagar Koil Street

Sundara Vinayagar Koil Street guideline value

The current guideline value of Sundara Vinayagar Koil Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Pullilyon village and falls under the Redhills SRO. The land classification for this area is 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. The earliest recorded figure is from 2007, when the value was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017. The 2023 revision set the value at Rs 400 per sq.ft, and the most recent revision in 2024 raised it to Rs 440 per sq.ft.

Between the revisions, there have been notable changes. From 2007 to 2012, the guideline value increased by 100%. However, from 2012 to 2017, it saw a decline of 33%. The value then jumped by 49% from 2017 to 2023, and finally increased by 10% from 2023 to 2024. Overall, the guideline value has risen by 120% from 2007 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Pullilyon

In Pullilyon village, there are 77 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 700 per sq.ft. Sundara Vinayagar Koil Street's 2024 guideline value is below this median.

• Sundara Vinayagar Nagar (S.V. Nagar): Rs 440 per sq.ft (2024)
• Suyambulingam Nagar: Rs 770 per sq.ft (2024)
• Subash Nagar Annex I: Rs 550 per sq.ft (2024)
• St. Antony's Avenue: Rs 440 per sq.ft (2024)
• Teachers Modern Town: Rs 770 per sq.ft (2024)
• St. Anthony Nagar: Rs 440 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 rate of Rs 440 per sq.ft, the guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. 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 Sundara Vinayagar Koil Street?

The Sub Registrar Office that covers Sundara Vinayagar Koil Street is the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pullilyon. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to calculate the applicable fees. This ensures that the government receives the correct revenue based on the property's value, as determined by the guideline value register. It is essential for both parties to be aware of this value to avoid any discrepancies during the transaction.

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 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, with various revisions in between. The most significant increase occurred from 2017 to 2023, where it rose by 49%.

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

Other streets in Pullilyon include Sundara Vinayagar Nagar at Rs 440 per sq.ft, Suyambulingam Nagar at Rs 770 per sq.ft, and St. Antony's Avenue at Rs 440 per sq.ft, among others.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Sundara Vinayagar Koil Street?

Stamp duty for properties in Sundara Vinayagar Koil Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property, the stamp duty would be Rs 30,800 based on the current guideline value.