Guideline Value for Vinayagar Koil 3rd Street

Vinayagar Koil 3rd Street guideline value

The current guideline value of Vinayagar Koil 3rd 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 is classified as Residential Class I Type - I.

How the guideline value of Vinayagar Koil 3rd Street has changed

The guideline value for Vinayagar Koil 3rd Street has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2012, marking a 1000% increase. However, the value decreased to Rs 1,474 per sq.ft in 2017, a decline of 33%. The most recent revision in 2024 saw the guideline value rise to Rs 2,400 per sq.ft, reflecting an increase of 63% from the previous figure.

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

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 in this area is Rs 2,400 per sq.ft, which is equal to the 2024 figure for Vinayagar Koil 3rd Street.

• Vinayagar Koil 2nd 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 3rd 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 fees to 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 more detailed calculations.

Which Sub Registrar Office covers Vinayagar Koil 3rd Street?

The Sub Registrar Office that covers Vinayagar Koil 3rd Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Thirumullaivoyal, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable to the transaction.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vinayagar Koil 3rd Street?

The current guideline value of Vinayagar Koil 3rd 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 changed significantly, increasing from Rs 200 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, an overall increase of 1100%.

What are the other streets in Thirumullaivoyal with the same guideline value?

Other streets in Thirumullaivoyal that share the same guideline value of Rs 2,400 per sq.ft include Vinayagar Koil 2nd Street, 4th Street, 5th Street, 6th Street, 7th Street, and 8th Street.

What is the stamp duty rate for properties in Vinayagar Koil 3rd Street?

The stamp duty rate for properties in Vinayagar Koil 3rd Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vinayagar Koil 3rd Street?

The Sub Registrar Office for Vinayagar Koil 3rd Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.