Guideline Value for Varasithi Vinayagar Koil Street

Varasithi Vinayagar Koil Street guideline value

The current guideline value of Varasithi Vinayagar Koil Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Varasithi Vinayagar Koil Street has changed

The guideline value for Varasithi Vinayagar Koil Street has remained unchanged at Rs 400 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, in the 2017 revision, the value was Rs 268 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The consistent value of Rs 400 per sq.ft in the last two revisions indicates stability in this guideline value for Varasithi Vinayagar Koil Street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. Varasithi Vinayagar Koil Street's current guideline value is below this median.

• Vaniyar Street: Rs 800 per sq.ft (2024)
• Vellazhar Street: Rs 600 per sq.ft (2024)
• Vadakkupattu Village: Rs 400 per sq.ft (2024)
• Vadakkupattu Old Colony: Rs 300 per sq.ft (2024)
• Vadakkupattu New Colony: Rs 400 per sq.ft (2024)
• Thiru.Vi.ka Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Varasithi Vinayagar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, resulting in a total of Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Varasithi Vinayagar Koil Street?

The Sub Registrar Office that covers Varasithi Vinayagar Koil Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirukalukundrem A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential for buyers to be aware of the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Varasithi Vinayagar Koil Street?

The current guideline value of Varasithi Vinayagar Koil Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification of Varasithi Vinayagar Koil Street?

Varasithi Vinayagar Koil Street is classified as Residential Class IV Type - I.

Which Sub Registrar Office handles registrations for this street?

The Thirukazhukundram Sub Registrar Office handles registrations for Varasithi Vinayagar Koil Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.

What are the stamp duty and registration fees for a property on this street?

For a 1,000 sq.ft property at the guideline value of Rs 400 per sq.ft, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.