Guideline Value for Vinayagar Koil 8th Street

Vinayagar Koil 8th Street guideline value

The current guideline value of Vinayagar Koil 8th Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Vinayagar Koil 8th Street has changed

The guideline value for Vinayagar Koil 8th Street has undergone several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which saw a significant increase to Rs 2,200 per sq.ft in 2012, marking a rise of 1000%. However, the value then decreased to Rs 1,474 per sq.ft in 2017, a drop of 33%. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, reflecting a 63% increase 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%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value of Vinayagar Koil 8th Street.

• Vinayagar Koil 7th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 9th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 6th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 5th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 4th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 3rd Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagar Koil 8th Street

For a 1,000 sq.ft plot at the current rate, the 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, making the total Rs 2,16,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vinayagar Koil 8th Street?

The Sub Registrar Office that covers Vinayagar Koil 8th 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 during property registration in Thirumullaivoyal. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value, as it may affect the overall costs associated with the transaction. Buyers and sellers should always refer to the latest guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Vinayagar Koil 8th Street?

The current guideline value of Vinayagar Koil 8th 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 from Rs 200 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 1100% over the years.

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

For a property of 1,000 sq.ft, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000 based on the guideline value.

Which office handles registrations for Vinayagar Koil 8th Street?

The Ambattur Sub Registrar Office handles registrations for Vinayagar Koil 8th 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 8th Street?

Vinayagar Koil 8th Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.