Guideline Value

Corporate

Guideline Value for VINAYAGAR KOIL STREET

₹385/sq.ft.

The guideline value for Vinayagar Koil Street in Nanthiambakkam village (Thiruvottiyur SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanthiambakkam

Village

Thiruvottiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹39 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹33 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vinayagar Koil Street

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Vinayagar Koil Street guideline value

The current guideline value of Vinayagar Koil Street is Rs 385 per sq.ft, effective from 1 July 2024. This street is located in Nanthiambakkam village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Vinayagar Koil Street has changed

The guideline value for Vinayagar Koil Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 33 per sq.ft. This increased to Rs 39 per sq.ft in 2003, marking an 18% rise. In 2007, the value jumped significantly to Rs 50 per sq.ft, which was a 28% increase from the previous year. The 2012 revision saw the value remain at Rs 350 per sq.ft, but the register has no figure for this street in 2012. The 2017 revision recorded a value of Rs 234 per sq.ft, reflecting a decrease of 33% from the 2012 figure. In 2023, the value rose to Rs 350 per sq.ft, and then increased by 10% to the current 2024 figure of Rs 385 per sq.ft.

Overall, from 2002 to 2024, the guideline value has increased by 1,067%. The changes between the revisions are as follows: from 2002 to 2003, there was an 18% increase; from 2003 to 2007, a 28% increase; from 2007 to 2012, a 600% increase; from 2012 to 2017, a decrease of 33%; and from 2017 to 2023, a 50% increase.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median value for these streets is Rs 330 per sq.ft, making the guideline value of Vinayagar Koil Street above that median.

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 385 per sq.ft, the total guideline value would be Rs 3,85,000. The stamp duty at 7% would amount to Rs 26,950, while the registration fee at 2% would be Rs 7,700. Together, the total cost for duties would be Rs 34,650. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinayagar Koil Street?

The Sub Registrar Office that covers Vinayagar Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Nanthiambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vinayagar Koil Street?

The current guideline value of Vinayagar Koil Street is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 33 per sq.ft in 2002 to Rs 385 per sq.ft in 2024, showing a significant overall increase of 1,067%.

What are the other streets in Nanthiambakkam with their guideline values?

Other streets in Nanthiambakkam include Vetri Nagar at Rs 440 per sq.ft, and Venkatraman Nagar, Venkatesa Nagar, Vela Vinayagar Nagar, Veeravanji Road, and Vasavi Nagar, all at Rs 330 per sq.ft.

What are the stamp duty and registration fees for property in Vinayagar Koil Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,85,000. The stamp duty would be Rs 26,950, and the registration fee would be Rs 7,700, totaling Rs 34,650.

Which office handles registrations for Vinayagar Koil Street?

The Thiruvottiyur Sub Registrar Office handles registrations for Vinayagar Koil Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.