Guideline Value for Vinayagar Koil 6th Street

Vinayagar Koil 6th Street guideline value

The current guideline value of Vinayagar Koil 6th 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 6th Street has changed

The guideline value for Vinayagar Koil 6th Street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 200 per sq.ft. This increased dramatically to Rs 2,200 per sq.ft in the 2012 revision, marking a significant increase of 1000%. However, in the 2017 revision, the value dropped to Rs 1,474 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2024 has set the guideline value at Rs 2,400 per sq.ft, which is an increase of 63% from the previous figure.

It is important to note that the register has no 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 village, 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 for these streets is Rs 2,400 per sq.ft, which is equal to the 2024 figure for Vinayagar Koil 6th Street.

• Vinayagar Koil 5th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 7th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 4th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 8th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 3rd Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 9th Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagar Koil 6th 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 or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vinayagar Koil 6th Street?

The Sub Registrar Office that covers Vinayagar Koil 6th Street is the Ambattur Sub Registrar Office. The address is 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 is a crucial factor 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. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements during the property transfer.

When a property is sold, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Vinayagar Koil 6th Street?

The current guideline value of Vinayagar Koil 6th Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased by 1100%, from Rs 200 per sq.ft to Rs 2,400 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value for Vinayagar Koil 6th Street in 2017 was Rs 1,474 per sq.ft.

What is the land classification for Vinayagar Koil 6th Street?

The land classification for Vinayagar Koil 6th Street is Residential Class I Type - I.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using our stamp duty and registration fee calculator.