Guideline Value for Sundara Vinayagar Street

Sundara Vinayagar Street guideline value

The current guideline value of Sundara Vinayagar Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Sundara Vinayagar Street has changed

The guideline value for Sundara Vinayagar Street has undergone several revisions over the years. In 2007, the value was set at Rs 1,500 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a 200% rise. However, in 2017, the value dropped to Rs 3,015 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 4,500 per sq.ft in 2023, before reaching the current figure of Rs 4,900 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 227%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Sundara Vinayagar Street's 2024 figure above that median.

• Sundaram Street: Rs 3,300 per sq.ft (2024)
• Suriya Gandhi Street, Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• Thamarai Street Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• Thillaiyadi Valliyammai Nagar: Rs 4,400 per sq.ft (2024)
• Srinivasa Nagar Main Road: Rs 4,900 per sq.ft (2024)
• Srinivasa Nagar Ist street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sundara Vinayagar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sundara Vinayagar Street?

The Sub Registrar Office that covers Sundara Vinayagar Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Koyakbedu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property transaction occurs, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications associated with the sale or purchase of the property.

Frequently asked questions

What is the current guideline value of Sundara Vinayagar Street?

The current guideline value of Sundara Vinayagar Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 227% over this period.

What are the stamp duty and registration fees for properties in Sundara Vinayagar Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,43,000, and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office covers Sundara Vinayagar Street?

The AnnaNagar Sub Registrar Office covers Sundara Vinayagar Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Sundara Vinayagar Street?

The land classification for Sundara Vinayagar Street is Residential Class II Type - II.