Guideline Value for Vaigaraiammal Koil Street

Vaigaraiammal Koil Street guideline value

The current guideline value of Vaigaraiammal Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Mudichur village under the Padappai SRO, classified as Residential Class II Type - I.

How the guideline value of Vaigaraiammal Koil Street has changed

The guideline value for Vaigaraiammal Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 200 per sq.ft. This was followed by a significant increase to Rs 1,100 per sq.ft in 2012, marking a 450% rise. However, the value dropped to Rs 737 per sq.ft in 2017, representing a decrease of 33%. In 2023, the value rose again to Rs 1,100 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 505%.

Guideline values in Mudichur

In Mudichur, there are 135 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,000 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Vaigaraiammal Koil Street is below this median.

• Vallalar Street: Rs 1,210 per sq.ft (2024)
• Varadharaja Perumal Nagar: Rs 1,210 per sq.ft (2024)
• Vasudeva Nagar: Rs 3,630 per sq.ft (2024)
• Veeraraghava Nagar: Rs 3,630 per sq.ft (2024)
• Thiru.Vi.Ka Street: Rs 2,200 per sq.ft (2024)
• Venkatathri Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Vaigaraiammal Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total cost for these fees to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Vaigaraiammal Koil Street?

The Vaigaraiammal Koil Street is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is used to calculate the fees based on the higher of the guideline value or the sale price, ensuring that the correct amount is paid during the registration process.

Frequently asked questions

What is the current guideline value of Vaigaraiammal Koil Street?

The current guideline value of Vaigaraiammal Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, marking an overall increase of 505% over the years.

What is the registration office for Vaigaraiammal Koil Street?

The registration office for Vaigaraiammal Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Mudichur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 12,10,000, the stamp duty at 7% would be Rs 84,700.

What other streets in Mudichur have similar guideline values?

Other streets in Mudichur with similar guideline values include Vallalar Street and Varadharaja Perumal Nagar, both at Rs 1,210 per sq.ft in 2024.