Guideline Value for VINAYAGAR KOIL STREET

Vinayagar Koil Street guideline value

The current guideline value of Vinayagar Koil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Cheyyur - A village, under the Cheyyur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Vinayagar Koil Street has changed

The guideline value for Vinayagar Koil Street has undergone several revisions over the years. The most recent revision in 2024 maintains the value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to this, the 2017 revision set the value at Rs 33 per sq.ft, marking a significant increase of 203% from 2017 to 2023 and maintaining a 203% increase overall from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Vinayagar Koil Street. This lack of data indicates that the street was not assigned a guideline value during those years.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 101 per sq.ft, making the guideline value of Vinayagar Koil Street below this median.

• Vijayaraja Anantham: Rs 101 per sq.ft (2024)
• Vijayaraja Akshaya: Rs 101 per sq.ft (2024)
• V.K.R.Nagar: Rs 200 per sq.ft (2024)
• V.K.R.Street: Rs 200 per sq.ft (2024)
• VELLIMEDU COLONY MATHAKOIL 2st STREET: Rs 101 per sq.ft (2024)
• VELLIMEDU COLONY MATHAKOIL 1st STREET: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total fees together Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vinayagar Koil Street?

The Sub Registrar Office that covers Vinayagar Koil Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a crucial factor when registering property transactions in Cheyyur - A. It serves as the basis for calculating the stamp duty and registration fees that must be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as determined by the local authorities. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vinayagar Koil Street?

The current guideline value of Vinayagar Koil Street is Rs 100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 33 per sq.ft in 2017 to Rs 100 per sq.ft in 2024, reflecting a 203% increase overall.

What is the median guideline value for streets in Cheyyur - A?

The median guideline value for streets in Cheyyur - A is Rs 101 per sq.ft, with Vinayagar Koil Street's value being below this median.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a 1,000 sq.ft plot would incur total fees of Rs 9,000.

Where is the Cheyyur Sub Registrar Office located?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.