Guideline Value for Vinayagar Koil 2nd Street

Vinayagar Koil 2nd Street guideline value

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

How the guideline value of Vinayagar Koil 2nd Street has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 200 per sq.ft, which increased dramatically to Rs 2,200 per sq.ft in 2012, marking a rise of 1000%. However, from 2012 to 2017, the value decreased to Rs 1,474 per sq.ft, a drop of 33%. The latest revision in 2024 sets the guideline value at Rs 2,400 per sq.ft, reflecting an increase of 63% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1100%, showcasing the fluctuations in property valuation over the years.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with guideline values 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 value of Vinayagar Koil 2nd Street.

• Vinayagar Koil 3rd Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 4th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 5th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 6th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 7th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 8th Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagar Koil 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total charges to Rs 2,16,000. 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 Vinayagar Koil 2nd Street?

The Sub Registrar Office that covers Vinayagar Koil 2nd 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 details.

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

The guideline value is a crucial factor when registering a property in Thirumullaivoyal. It serves as a reference point for determining the stamp duty and registration fees applicable to the property transaction.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair valuation, helping to maintain transparency in the real estate market. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Vinayagar Koil 2nd Street?

The current guideline value of Vinayagar Koil 2nd Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, reflecting an increase of 1100% overall.

What is the land classification for Vinayagar Koil 2nd Street?

Vinayagar Koil 2nd Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Vinayagar Koil 2nd Street?

The Sub Registrar Office for Vinayagar Koil 2nd Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at Rs 2,400 per sq.ft, the total charges would amount to Rs 2,16,000.