Guideline Value for Vinayagar Koil 9th Street

Vinayagar Koil 9th Street guideline value

The current guideline value of Vinayagar Koil 9th Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Vinayagar Koil 9th Street has changed

The guideline value for Vinayagar Koil 9th Street has seen several revisions over the years. The earliest recorded figure is from 2007, set at Rs 200 per sq.ft. This figure increased significantly to Rs 2,200 per sq.ft in 2012, marking a remarkable 1000% rise. However, the value decreased to Rs 1,474 per sq.ft in 2017, representing a decline of 33%. The latest revision in 2024 shows the guideline value at Rs 2,400 per sq.ft, which indicates a substantial 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 value for these streets is Rs 2,400 per sq.ft, which aligns with the guideline value of Vinayagar Koil 9th Street.

• Vinayagar Koil 8th Street: Rs 2,400 per sq.ft (2024)
• Vinayagar Koil 7th 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 9th 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 charged at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, leading to a total of Rs 2,16,000. It is essential to note that the 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 details.

Which Sub Registrar Office covers Vinayagar Koil 9th Street?

The Sub Registrar Office that covers Vinayagar Koil 9th 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 during property registration in Thirumullaivoyal. It serves as the benchmark for determining the stamp duty and registration fees applicable to property transactions. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the necessary fees, which can significantly impact the overall cost of the transaction. Therefore, understanding the guideline value is essential for anyone looking to buy or sell property in this area.

Frequently asked questions

What is the current guideline value of Vinayagar Koil 9th Street?

The current guideline value of Vinayagar Koil 9th 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, marking an overall increase of 1100% over the years.

What is the land classification for Vinayagar Koil 9th Street?

The land classification for Vinayagar Koil 9th Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Vinayagar Koil 9th Street?

The Ambattur Sub Registrar Office covers Vinayagar Koil 9th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Vinayagar Koil 9th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 2,400 per sq.ft would incur a total guideline value of Rs 24,00,000.