Guideline Value for VINAYAGAR KOIL ST

Vinayagar Koil St guideline value

The current guideline value of Vinayagar Koil St in Thandurai village, under the Avadi SRO, is Rs 988 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Vinayagar Koil St has changed

The guideline value for Vinayagar Koil St has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was followed by a decrease to Rs 603 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, and the latest revision in 2024 has raised it to Rs 988 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes from the earlier revisions include a 49% increase from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, followed by a 10% increase to Rs 988 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value is Rs 988 per sq.ft, which is the same as the guideline value for Vinayagar Koil St.

• Vinayagar Koil St Kakkanji St: Rs 988 per sq.ft (2024)
• Vinayagar Koil St M.K.Bharathiyar St: Rs 988 per sq.ft (2024)
• Vivasaya St: Rs 988 per sq.ft (2024)
• Vivekanandar St: Rs 988 per sq.ft (2024)
• Vivekananda St: Rs 988 per sq.ft (2024)
• Vigneshwara Nagar: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagar Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 9,88,000, the stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, totaling Rs 88,920. 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 Vinayagar Koil St?

The Sub Registrar Office that covers Vinayagar Koil St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Thandurai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the prevailing rates in the area.

When buying or selling property, the guideline value helps determine the legal obligations for fees and taxes. It is crucial for both buyers and sellers to be aware of the guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Vinayagar Koil St?

The current guideline value of Vinayagar Koil St is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Vinayagar Koil St?

Vinayagar Koil St is classified as Residential Class II Type - I.

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

For a 1,000 sq.ft property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 and the registration fee would be Rs 19,760, totaling Rs 88,920.

Which office handles registrations for Vinayagar Koil St?

The Avadi Sub Registrar Office handles registrations for Vinayagar Koil St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.