Guideline Value for Vinayagar Koil First Cross Street

Vinayagar Koil First Cross Street guideline value

The current guideline value of Vinayagar Koil First Cross Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kaspapuram village and falls under the Tambaram Joint 1 SRO, classified as Residential Class II Type - I.

How the guideline value of Vinayagar Koil First Cross Street has changed

The guideline value for Vinayagar Koil First Cross Street has seen several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and further rose to Rs 440 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kaspapuram

Kaspapuram village has a total of 76 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 4,300 per sq.ft as of 2024. The median guideline value in the village is Rs 1,100 per sq.ft, placing Vinayagar Koil First Cross Street's value below this median.

• Vinayagar Koil Second Cross Street: Rs 440 per sq.ft (2024)
• Vinayagar Koil Street: Rs 440 per sq.ft (2024)
• Vengambakkam Main Road: Rs 3,300 per sq.ft (2024)
• Sudhanandha Bharathi 3rd Street: Rs 550 per sq.ft (2024)
• Sudhanandha Bharathi 2nd Street: Rs 550 per sq.ft (2024)
• Sudhanandha Bharathi 1st Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagar Koil First Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, together amounting to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vinayagar Koil First Cross Street?

The Sub Registrar Office that covers Vinayagar Koil First Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kaspapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration norms.

Frequently asked questions

What is the current guideline value of Vinayagar Koil First Cross Street?

The current guideline value of Vinayagar Koil First Cross Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Vinayagar Koil First Cross Street?

Vinayagar Koil First Cross Street is classified as Residential Class II Type - I.

What are the other streets in Kaspapuram with similar guideline values?

Other streets in Kaspapuram with similar guideline values include Vinayagar Koil Second Cross Street and Vinayagar Koil Street, both at Rs 440 per sq.ft in 2024.

Where is the Sub Registrar Office for this area located?

The Sub Registrar Office for Vinayagar Koil First Cross Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.