Guideline Value for Sundaramurthy Vinayagar Koil Street

Sundaramurthy Vinayagar Koil Street guideline value

The current guideline value of Sundaramurthy Vinayagar Koil Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village under the Triplicane SRO, and is classified as Mixed Type - II land.

How the guideline value of Sundaramurthy Vinayagar Koil Street has changed

The guideline value for Sundaramurthy Vinayagar Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 1,145 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in both the 2012 and 2023 revisions, showing no change during that period. However, in the 2024 revision, the value rose to Rs 7,700 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 572%. The revisions for the years 2002, 2003, and 2017 do not have any figures recorded for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Sundaramurthy Vinayagar Koil Street's current value above that median.

• Sunguvar Lane: Rs 6,600 per sq.ft (2024)
• Sunguvar Street (Sunguvar Garden): Rs 6,600 per sq.ft (2024)
• Suparigunta Street: Rs 5,500 per sq.ft (2024)
• Surappa Mudali Street: Rs 6,600 per sq.ft (2024)
• Subramaniya Vaidiyar Street: Rs 5,500 per sq.ft (2024)
• Subramania Mudali Street: Rs 5,500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty, charged at 7%, would be Rs 5,39,000, while the registration fee at 2% would be Rs 1,54,000. Together, these fees total Rs 6,93,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sundaramurthy Vinayagar Koil Street?

The Sub Registrar Office that covers Sundaramurthy Vinayagar Koil Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Triplicane, as it helps determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value during the registration process to ensure compliance with local regulations.

When registering a property, the guideline value serves as the basis for calculating the applicable fees, which are mandatory for legal transactions. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Sundaramurthy Vinayagar Koil Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 1,145 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024. The most notable increase occurred between 2007 and 2012, where it rose by 511%.

What other streets have guideline values in Triplicane?

There are several other streets in Triplicane with recorded guideline values. For example, Sunguvar Lane and Sunguvar Street (Sunguvar Garden) both have a guideline value of Rs 6,600 per sq.ft in 2024.

What fees are associated with buying property in Sundaramurthy Vinayagar Koil Street?

When purchasing property, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value. For a 1,000 sq.ft plot, these fees total Rs 6,93,000.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Sundaramurthy Vinayagar Koil Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road), Royapettah, Chennai-600014. You can find more information online.