Guideline Value for VADAKOOR SELVA VINAYAGAR KOIL STREET

Vadakoor Selva Vinayagar Koil Street guideline value

The current guideline value of Vadakoor Selva Vinayagar Koil Street is Rs 9,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Vadakoor Selva Vinayagar Koil Street has changed

The guideline value for Vadakoor Selva Vinayagar Koil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 1,038 per sq.ft, which increased to Rs 1,153 per sq.ft in 2003, marking an 11% rise. The value further rose to Rs 1,540 per sq.ft in 2007, showing a 34% increase from the previous revision.

From 2007 to 2024, the guideline value saw a significant increase to Rs 9,300 per sq.ft, which is a 504% rise. Overall, from 2002 to 2024, the guideline value has increased by 796%. It is important to note that there are no figures available for the years 2012, 2017, and 2023 for this street.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing Vadakoor Selva Vinayagar Koil Street's 2024 figure above this median.

• Vadakoor Selva Vinayagar Koil Lane: Rs 7,100 per sq.ft (2024)
• Vaaleeswarar Koil Street: Rs 3,300 per sq.ft (2024)
• Vadhyar Annamalai Street: Rs 7,100 per sq.ft (2024)
• Vadugu Idayar Street: Rs 7,100 per sq.ft (2024)
• Vaikkol Thotti: Rs 3,300 per sq.ft (2024)
• Valeeswaran Koil Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vadakoor Selva Vinayagar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,300 per sq.ft, the total guideline value amounts to Rs 93,00,000. The stamp duty at 7% would be Rs 6,51,000, and the registration fee at 2% would be Rs 1,86,000, bringing the total to Rs 8,37,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vadakoor Selva Vinayagar Koil Street?

The Sub Registrar Office that covers Vadakoor Selva Vinayagar Koil Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Mylapore. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a property is registered, the authorities will assess the guideline value to ensure that the correct fees are applied, based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and legally.

Frequently asked questions

What is the current guideline value of Vadakoor Selva Vinayagar Koil Street?

The current guideline value of Vadakoor Selva Vinayagar Koil Street is Rs 9,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,038 per sq.ft in 2002 to Rs 9,300 per sq.ft in 2024, representing an overall increase of 796%.

What is the land classification for Vadakoor Selva Vinayagar Koil Street?

The land classification for Vadakoor Selva Vinayagar Koil Street is Residential Class III Type - II.

What are the stamp duty rates applicable?

The stamp duty rate applicable for property transactions in this area is 7%, calculated on the higher of the guideline value or the sale price.

Which office handles registrations for Vadakoor Selva Vinayagar Koil Street?

The Mylapore Sub Registrar Office handles registrations for Vadakoor Selva Vinayagar Koil Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.