Guideline Value for Varasithi Vinayagar Koil Street

Varasithi Vinayagar Koil Street guideline value

The current guideline value of Varasithi Vinayagar Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village and falls under the AnnaNagar SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Varasithi Vinayagar Koil Street has changed

The guideline value for Varasithi Vinayagar Koil Street has seen several revisions over the years. In 2007, the value was Rs 1,300 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. However, it dropped to Rs 2,010 per sq.ft in 2017. The following year, in 2023, the value rose significantly to Rs 3,000 per sq.ft, and the most recent revision in 2024 set it at Rs 3,300 per sq.ft. Notably, the register has no figure for this street in 2002 and 2003.

From 2012 to 2017, the value decreased by 33%, while it increased by 131% from 2007 to 2012. The value surged by 49% from 2017 to 2023 and saw a further increase of 10% from 2023 to 2024. Overall, the guideline value has increased by 154% from 2007 to 2024.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Varasithi Vinayagar Koil Street's 2024 figure below this median.

• Vasantha Sampath Garden: Rs 3,300 per sq.ft (2024)
• Veda Nagar IInd Street: Rs 4,400 per sq.ft (2024)
• Veda Nagar Ist Street: Rs 4,400 per sq.ft (2024)
• Valluvar Street Extn.: Rs 3,300 per sq.ft (2024)
• Valluvar Street: Rs 4,400 per sq.ft (2024)
• Vedha Nagar: Rs 4,400 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It's important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, 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 AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Koyakbedu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

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 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking a total increase of 154% over the years.

What is the median guideline value in Koyakbedu?

The median guideline value for streets in Koyakbedu is Rs 4,400 per sq.ft, which is higher than the current value of Varasithi Vinayagar Koil Street.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Varasithi Vinayagar Koil Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in this locality?

The AnnaNagar Sub Registrar Office is responsible for property registrations in Varasithi Vinayagar Koil Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.