Guideline Value for Vinayagar Koil Street

Vinayagar Koil Street guideline value

The current guideline value of Vinayagar Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Ayakolathur village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Vinayagar Koil Street has changed

The guideline value for Vinayagar Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 200 per sq.ft. In 2017, the value decreased to Rs 134 per sq.ft, marking a change of -33%. However, by the 2023 revision, the value returned to Rs 200 per sq.ft, showing an increase of 49% from the 2017 figure. The current 2024 revision maintains this value at Rs 200 per sq.ft, indicating no change from the previous year.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Ayakolathur

In Ayakolathur, there are 15 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 700 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the guideline value of Vinayagar Koil Street.

• V.G.P.Chakkra town: Rs 300 per sq.ft (2024)
• ThiruVeedhiyamman Koil Street: Rs 200 per sq.ft (2024)
• Sri chakkra town: Rs 300 per sq.ft (2024)
• Sri Arulmigu Sri Arunchala Nagar: Rs 500 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 150 per sq.ft (2024)
• Perumal Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagar Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important 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 Street?

The Sub Registrar Office covering Vinayagar Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Ayakolathur. It serves as the basis for calculating the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to standardize property prices in the region. This value is used by the registration department to assess the appropriate fees based on the property's worth.

Frequently asked questions

What is the current guideline value of Vinayagar Koil Street?

The current guideline value of Vinayagar Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant change occurring between 2017 and 2023, where it increased by 49%. The value has remained stable at Rs 200 per sq.ft from 2012 to 2024.

What is the land classification for Vinayagar Koil Street?

Vinayagar Koil Street is classified as Residential Class II Type - I under the land classification system.

What are the stamp duty and registration fees for a property in Vinayagar Koil Street?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Vinayagar Koil Street?

The Sriperumpudur Sub Registrar Office handles property registrations for Vinayagar Koil Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.