Guideline Value for THIRUMUDI VINAYAGAR KOIL STREET

Thirumudi Vinayagar Koil Street guideline value

The current guideline value of Thirumudi Vinayagar Koil Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village under the Chennai South Joint I SRO and is classified as Residential Class V Type - III.

How the guideline value of Thirumudi Vinayagar Koil Street has changed

Over the years, the guideline value for Thirumudi Vinayagar Koil Street has seen several revisions. The most recent revision in 2024 set the value at Rs 3,520 per sq.ft, which represents a 10% increase from the 2023 revision of Rs 3,200 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 2,144 per sq.ft, marking a significant 49% increase from the previous 2012 figure of Rs 3,200 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2012 to 2024, it has increased overall by 10%. This shows the fluctuations in the guideline value over the years, reflecting changes in the real estate landscape.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value of these streets is Rs 9,900 per sq.ft, placing Thirumudi Vinayagar Koil Street's 2024 figure below that median.

• Thirumurugan Street: Rs 11,000 per sq.ft (2024)
• Thirumalai Street: Rs 3,520 per sq.ft (2024)
• Thiruvalluvar Nagar 10th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 11th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 12th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 13th Cross Street: Rs 7,150 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thirumudi Vinayagar Koil Street?

The Sub Registrar Office that covers Thirumudi Vinayagar Koil Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Thirumudi Vinayagar Koil Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,144 per sq.ft in 2017 and Rs 3,200 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification for Thirumudi Vinayagar Koil Street?

Thirumudi Vinayagar Koil Street is classified as Residential Class V Type - III, indicating its designation for residential use.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Thirumudi Vinayagar Koil Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 35,20,000 would incur a stamp duty of Rs 2,46,400 at a rate of 7%.