Guideline Value for Vani Vinayagar Street

Vani Vinayagar Street guideline value

The current guideline value of Vani Vinayagar Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Vani Vinayagar Street has changed

The guideline value for Vani Vinayagar Street has seen significant changes over the years. In 2002, the guideline value was Rs 146 per sq.ft, which increased to Rs 250 per sq.ft in 2003, marking a 71% rise. The value then rose to Rs 400 per sq.ft in 2007, reflecting a 60% increase from the previous revision. Following this, the value surged to Rs 2,200 per sq.ft in 2012, a substantial increase of 450% from 2007. However, it dropped to Rs 1,474 per sq.ft in 2017, indicating a decrease of 33%.

In the subsequent revisions, the guideline value increased again, reaching Rs 2,200 per sq.ft in 2023, which was a 49% rise from 2017. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, representing a 9% increase from the previous year. The overall change from 2002 to 2024 is a remarkable 1544% increase.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value of Vani Vinayagar Street.

• Vanchinathan Street(senthil nagar): Rs 2,700 per sq.ft (2024)
• Valmiki Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Valluvar Street (J.B. Nagar): Rs 2,400 per sq.ft (2024)
• Valluvar Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Varagraha Avenue: Rs 1,900 per sq.ft (2024)
• Vallalar Street (Ward No 7): Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vani Vinayagar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000. Together, the total cost for stamp duty and registration fee would be Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Vani Vinayagar Street?

The Sub Registrar Office that covers Vani Vinayagar Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value ensures that the transaction is documented at a fair price, which is essential for taxation and legal purposes.

During the registration process, buyers and sellers must consider the guideline value to calculate applicable fees such as stamp duty and registration fees. This value helps in ensuring transparency and compliance with local regulations, making it an integral part of real estate transactions in the area.

Frequently asked questions

What is the current guideline value of Vani Vinayagar Street?

The current guideline value of Vani Vinayagar Street is Rs 2,400 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 146 in 2002 to Rs 2,400 in 2024, marking an overall increase of 1544% over the years.

What is the land classification of Vani Vinayagar Street?

Vani Vinayagar Street falls under the Residential Class I Type - I land classification.

Where can I find the Sub Registrar Office for Vani Vinayagar Street?

The Sub Registrar Office for Vani Vinayagar Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties on Vani Vinayagar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 24,00,000, the stamp duty at 7% would be Rs 1,68,000.