Guideline Value for Thoppai Vinayagar Koil Street

Thoppai Vinayagar Koil Street guideline value

The current guideline value of Thoppai Vinayagar Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thoppai Vinayagar Koil Street has changed

The guideline value for Thoppai Vinayagar Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. Following this, the current guideline value has increased to Rs 2,200 per sq.ft in 2024, marking a significant increase of 64% from the 2017 figure.

Between the 2012 and 2017 revisions, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, making the current value of Thoppai Vinayagar Koil Street below this median.

• Tholkappiar Street: Rs 2,200 per sq.ft (2024)
• T.H. Road 1st Lane: Rs 2,700 per sq.ft (2024)
• T.H. Road 2nd Lane: Rs 2,700 per sq.ft (2024)
• T.H. Road 3rd Lane: Rs 2,700 per sq.ft (2024)
• Thiyagarayar Street: Rs 2,200 per sq.ft (2024)
• Thiyagaraya Nagar 2nd Street: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. 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 Thoppai Vinayagar Koil Street?

The Sub Registrar Office that covers Thoppai Vinayagar Koil Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

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

During the registration of a property, the guideline value is assessed to calculate the applicable fees. It is essential for both parties involved in the transaction to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Thoppai Vinayagar Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024. There are no figures available for the revisions in 2023, 2007, 2003, and 2002.

What is the land classification for Thoppai Vinayagar Koil Street?

Thoppai Vinayagar Koil Street is classified as Residential Class II Type - I according to the local land classification regulations.

What are the stamp duty and registration fees for this street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These charges are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Thoppai Vinayagar Koil Street located?

The Madhavaram Sub Registrar Office, which covers Thoppai Vinayagar Koil Street, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.