Guideline Value for Vinayagar Koil 4th Street

Vinayagar Koil 4th Street guideline value

The current guideline value of Vinayagar Koil 4th 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 4th Street has changed

Over the years, the guideline value of Vinayagar Koil 4th Street has seen several revisions. The earliest recorded figure was in 2007, set at Rs 200 per sq.ft. This value experienced a significant increase to Rs 2,200 per sq.ft in 2012, marking a rise of 1000%. However, the value decreased to Rs 1,474 per sq.ft in 2017, which was a drop of 33%. The most recent revision in 2024 has brought the guideline value to Rs 2,400 per sq.ft, reflecting an increase of 63% from the 2017 figure.

It is important to note that there are no recorded figures for the years 2023, 2003, and 2002 for this street. Overall, from the 2007 revision to the 2024 revision, 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 is Rs 2,400 per sq.ft, which is equal to the current value of Vinayagar Koil 4th Street.

• Vinayagar Koil 3rd Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 5th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 2nd 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 4th 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, making the total cost Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinayagar Koil 4th Street?

The Sub Registrar Office that covers Vinayagar Koil 4th 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 plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. 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 4th Street?

The current guideline value of Vinayagar Koil 4th 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 overall increase of 1100%.

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

For a 1,000 sq.ft property, the total guideline value is Rs 24,00,000. The stamp duty is Rs 1,68,000, and the registration fee is Rs 48,000, totaling Rs 2,16,000.

Which office handles registrations for Vinayagar Koil 4th Street?

The Ambattur Sub Registrar Office handles registrations for Vinayagar Koil 4th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Vinayagar Koil 4th Street?

Vinayagar Koil 4th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.