Guideline Value for VINAYAKAR KOIL STREET (ONDIKUPPAM)

Vinayakar Koil Street (Ondikuppam) guideline value

The current guideline value of Vinayakar Koil Street (Ondikuppam) is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village under the Manavalanagar SRO, classified as Residential Class I Type - I.

How the guideline value of Vinayakar Koil Street (Ondikuppam) has changed

The guideline value for Vinayakar Koil Street (Ondikuppam) has seen several revisions over the years. In 2007, the value was Rs 125 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. Following that, the value remained at Rs 1,000 per sq.ft in both 2023 and the latest revision in 2024, showing no change between these two years.

From 2017 to 2023, there was a 49% increase, and from 2012 to 2017, a decrease of 33% occurred. The most notable change was from 2007 to 2012, where the value surged by 700%. Overall, from 2007 to 2024, the guideline value has increased by 700%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft. The median value is Rs 1,000 per sq.ft, which is equal to the guideline value of Vinayakar Koil Street (Ondikuppam).

• VINAYAKAR STREET (a) PILLAIYAR STREET(MANAVALANAGAR MAIN): Rs 2,000 per sq.ft (2024)
• Viswanathan Street: Rs 800 per sq.ft (2024)
• Vivekanander Street: Rs 800 per sq.ft (2024)
• V.P.Sindhan Street: Rs 800 per sq.ft (2024)
• Velunachiyar Street: Rs 1,300 per sq.ft (2024)
• Velayutha Reddy Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayakar Koil Street (Ondikuppam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 detailed calculations.

Which Sub Registrar Office covers Vinayakar Koil Street (Ondikuppam)?

The Sub Registrar Office that covers Vinayakar Koil Street (Ondikuppam) is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Vengathur. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher amount between the sale price and the guideline value is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vinayakar Koil Street (Ondikuppam)?

The current guideline value of Vinayakar Koil Street (Ondikuppam) is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, decreased to Rs 670 per sq.ft in 2017, and then remained at Rs 1,000 per sq.ft in 2023 and 2024.

What is the registration office for Vinayakar Koil Street (Ondikuppam)?

The registration office for Vinayakar Koil Street (Ondikuppam) is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find more information on stamp duty and registration fees?

For more detailed information on stamp duty and registration fees, you can use the stamp duty and registration fee calculator.